Grand Canyon Parkway 4115 S Grand Canyon Dr

Newmark Retail Capital Markets is pleased to present the opportunity to acquire a portion of the Shops at Grand Canyon in Las Vegas, Nevada. The Shops at Grand Canyon offering consists of 64,649 square feet across five separate buildings within one of the top performing Target-anchored centers in all of Las Vegas. Additional anchor tenants within the project include Floor & Decor, Kohl’s and JCPenney while the balance of the center is comprised of national, regional and local shops including Coffee Bean & Tea Leaf, Vitamin Shoppe, Supercuts and more.
The center was built in 2005/2007 and is ideally positioned at the intersection of Grand Canyon Drive and Flamingo Road along the 215 freeway. Situated just south of the prestigious Summerlin submarket, the Shops at Grand Canyon submarket has experienced significant residential growth with over 1,100 residential units constructed directly adjacent the center in the last three years. This residential growth has bolstered significant tenant activity and interest ensuring long term demand and tremendous rental growth.
The Shops at Grand Canyon is an opportunity to secure a stable income stream in a Las Vegas submarket experiencing explosive growth with strong tenant demand and the ability to grow rental rates over the hold period.