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33188650
33188657

7570 Norman Rockwell Ln, Las Vegas, NV 89143

SN
NV NV B.0146583
CAST
BR
NV S.0174245
CAST
Listed by CAST
$4,816,400
180 days on market
Updated 9 days ago

The Village of Centennial Springs - 7570 Norman Rockwell Ln

Details
Property Type Mixed Use, Office (+1)
Sub Type Shopping Center
Square Footage 10,629
Units 6
Cap Rate 6.25%
NOI $301,025
Occupancy 86%
Tenancy Multi
Lease Type NNN
Price per SqFt $453
Class A
Year Built 2007
Buildings 1
Stories 2
Zoning TC
Investment Type Stabilized
Ground Lease No
Sale Condition For sale by owner

7570 Norman Rockwell Lane

Marketing description

The Village of Centennial Springs is a one-of-a-kind mixed-use property, located at 7585 Norman Rockwell Lane, 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

CAST presents a stabilized mixed-use investment opportunity within The Village of Centennial Springs - Las Vegas’ premier Northwest lifestyle center.

7570 Norman Rockwell Lane offers stabilized income, featuring 6 diverse commercial tenants. The ground floor is anchored by Streets of New York Pizza, The Vault Bicycle Shop, Sara’s Threading & Henna Art. Office tenants upstairs include SJW Attorney’s, Brilliant Behavior, Math Corner.

  • Over 75,000 residents within three miles.
  • Average household income: $102,000+
  • Median home value: $480,000+

Listing Contacts

SN
NV NV B.0146583
CAST
BR
NV S.0174245
CAST
Listed by CAST

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$301,025.00
$25,085.42/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Steve Neiger
License
NV B.0146583
Brokerage
CAST
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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