Desert Oaks Plaza Outparcel
Two-Tenant Retail Frontage Pad With Drive-Thru
Marketing description
Colliers is pleased to exclusively offer for sale a two-tenant retail pad with drive-thru located within Desert Oaks Plaza, a ±53,324 SF neighborhood retail center located in North Las Vegas, NV. This freestanding retail pad is 100% leased to RISE Dispensary (OTCQX: GTBIF | CSE: GTII) and RejuveN8 Wellness Chiropractic Center.
The asset is well positioned within the dense and rapidly expanding Craig Road Corridor in North Las Vegas, Nevada, with over 250 feet of frontage along W. Craig Rd. (±44,500 VPD) just east of N Decatur Blvd. (±25,600 VPD). The asset benefits from nearby co-tenancy including national retailers such as Walmart, Home Depot, Smith’s, ALDI, Chick-fil-A, Starbucks, and more. Hylo Park, a large scale mixed-use redevelopment, is currently under construction 2-miles south of the property and is expected to bring over 925 permanent jobs and will include a 150-room hotel, 665 housing units and a 100K SF Vegas Golden Knights youth and recreational hockey facility.
Desert Oaks Plaza services a dense and underserved trade consisting of ±424,412 residents with an average household income of $99,607 within a 5-mile radius and benefits from proximity to Nellis Air Force Base (±12,000 military/ civilian personnel) and the Cannery Hotel & Casino (±800 employees) with a nearby daytime population exceeding ±369,276 residents.
Investment highlights
Stabilized Multi-Tenant Retail Building with Drive-Through | Rare Restricted Use Entitlement
• Delivered at 100% occupancy, leased to RISE Dispensary (OTCQX: GTBIF | CSE: GTII) and RejuveN8 Wellness Chiropractic Center
• Medical/Recreational Marijuana Dispensary Entitlement in place
• NNN Leases providing for ease of management
Desirable Retail Corridor | Excellent Access & Visibility
• Excellent visibility with over 250 feet of direct frontage on W. Craig Rd. with traffic counts in excess of ±44,500 VPD
• Conveniently located between the I-15 Freeway (±150,000 VPD) and I-11 Freeway (±133,000 VPD)
• Located within Desert Oaks Plaza – an essential neighborhood retail center leased to a variety of internet-resistant, daily needs retail tenants assuring a consistent flow of traffic to the center
• Nearby national co-tenants include Walmart, Home Depot, Smith’s, ALDI, Chick-fil-A, Starbucks, and more
Dense and Underserved Demographics
• The property services a dense and underserved trade area with ±424,412 residents and an average household income of $99,607 within a 5-mile radius
• Daytime population exceeds ±369,276 within 5-miles, benefiting from proximity to Nellis Air Force Base (±12,000 military and civilian personnel) and the Cannery Hotel and Casino (±800 employees)
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