The Village of Centennial Springs - 7541
7541 Tule Springs Road
Marketing description
The Village of Centennial Springs is a one-of-a-kind mixed-use property, located at 7541 Tule Springs Rd, including a meticulously maintained mixed-use environment featuring popular dining, boutique retail, office, and residential components that consists of 45,134 rentable square feet situated on 5.79 acres of land.
The property is located just off the US-95 and Durango interchange with traffic counts exceeding 110,000 CPD. Surrounded by an affluent and growing residential base, including the 2,000-acre Sunstone master-planned community.
This property has been labeled “The Crown Jewel of the Northwest” by local Councilwoman Nancy Brune.
Over the past five years the property has undergone many changes. Eggworks (A well known Las Vegas chain) bought land and built a new 5,200 sqft breakfast restaurant. Fore Development bought 5.62 acres adjacent to the Village and created a new 143-unit brownstone multifamily complex that is 95 percent leased and completed construction in September 2022. Pop Squires Park at The Village was donated to the City of Las Vegas and is now zoned Recreational and will never be built upon. A park that the entire community enjoys every day and frequents during local weekend farmers markets held on Norman Rockwell Ln.
Investment highlights
• Irreplaceable real estate and location in the heart of the booming Northwest submarket
• Limited retail in submarket, leading to strong future demand and rent growth for years to come
• Dense trade area with above-average household incomes and strong population growth projections.
• Vacant end cap available for immediate occupancy or lease-up with 22’ ceiling height
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