6250 Mountain Vista St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
6250 Mountain Vista St
31,307 SF 87% Leased Retail Building Henderson, NV 89014 $3,500,000 ($112/SF) 7.61% Cap Rate
Investment Highlights
- Across the street is the expansive Henderson Town Center, a ± 250,000 SF shopping center anchored by Smith’s, AMC Theaters, and Barley’s Casino.
- The property benefits from a strong ± 28,000 car per day traffic count on Mountain Vista and is surrounded by 1,762 multifamily units within a one-mil
- Pushing MTM leases to market could increase cap rate from 7.6% year 1 to 13.1% in year 2
Executive Summary
Peppertree Ridge is a ± 31,307 RSF mixed-use development located at the signalized intersection of Mountain Vista Rd. and Ramrod Ave., just north of Sunset Rd. in Green Valley. The property offers excellent access to the US-95 freeway via Russell Rd. and is surrounded by a variety of services, including dense multifamily housing, restaurants, industrial developments, and shopping centers.
The property presents a significant value-add opportunity, as only two tenants are currently paying triple-net leases, and most tenants are on short-term leases paying below-market rents. With this investment, you could potentially renew leases at increased rates, shift Gross Leases to Triple Net Leases, and swap out under performing tenants, which may enhance the property’s income and overall value.
The property presents a significant value-add opportunity, as only two tenants are currently paying triple-net leases, and most tenants are on short-term leases paying below-market rents. With this investment, you could potentially renew leases at increased rates, shift Gross Leases to Triple Net Leases, and swap out under performing tenants, which may enhance the property’s income and overall value.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
31,307 SF
Building Class
C
Year Built
1983
Price
$3,500,000
Price Per SF
$112
Cap Rate
7.61%
NOI
$266,302
Percent Leased
87%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.34
Land Acres
2.11 AC
Zoning
CC
Parking
122 Spaces (3.9 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 161-32-701-009 | Improvements Assessment | $699,311 |
| Land Assessment | $321,692 | Total Assessment | $1,021,003 |
PROPERTY TAXES
Parcel Number
161-32-701-009
Land Assessment
$321,692
Improvements Assessment
$699,311
Total Assessment
$1,021,003
-
Sean Margulis -
Bart DeBuono -
Logic Commercial Real Estate
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
6250 Mountain Vista St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.