Skip to main content

Shopping Strip

Centennial Village Shops

6424 Losee Rd, North Las Vegas, NV 89086

Listing Price: $6,625,000

Cap Rate
5.30%
Gross SF
14,022
Rentable SF
14,022
Price/Gross SF
$472.47
Lot Size
1.14 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to exclusively present The Shops at Centennial Village in North Las Vegas, NV. This medical/retail investment opportunity features a high-quality, 14,022 square foot pad building situated upon 1.14 acres of land, located at the hard, signalized corner of Losee Road at East Centennial Boulevard. The dominant Centennial Village Shopping Center is a 205,000 daily and lifestyle needs center with an under-construction Sprouts Farmers Market and top-performing EOS Fitness Center, with additional complementary national tenants such as CVS, 7-Eleven, an under-construction El Pollo Loco, Carl's Jr. and others. The property is secured with long-term leases amongst three strong tenants, including Cash America Super Pawn (FirstCash Holdings, Inc.) (NYSE: FCFS) - $3.22 Billion Market Cap, who has occupied since 2006; Encompass Care (family/urgent care facility) who has occupied since 2013 and recently exercised it's first ten-year option; and Advanced Manual Therapy, a successful local chain of physical therapy centers who has occupied since 2017 and is half-way through its ten-year term. Tremendous development activity in the surrounding region with more than 10,000 new residential homes built over the past decade, a majority of which includes developments directly adjacent to the Subject Property.

Investment Highlights

  • Sprouts Farmers Market and EOS Fitness Shadow Anchored Shopping Center
  • Long-Term Leases and Long-Term Occupancy, 6.5 Year WALT
  • Explosive Growth in the Surrounding Submarket - Dominant Hard Corner Location
  • Retail / Medical Shops: Cash America Super Pawn (FCFS: NYSE) Market Cap $3.22 Billion; Encompass Care and Advanced Manual Therapy

Exclusively Listed By

Shopping Strip

Centennial Village Shops

Listing Price: $6,625,000

Cap Rate
5.30%
Gross SF
14,022
Rentable SF
14,022
Price/Gross SF
$472.47
Lot Size
1.14 acres
Year Built
2008

Investment Highlights

  • Sprouts Farmers Market and EOS Fitness Shadow Anchored Shopping Center
  • Long-Term Leases and Long-Term Occupancy, 6.5 Year WALT
  • Explosive Growth in the Surrounding Submarket - Dominant Hard Corner Location
  • Retail / Medical Shops: Cash America Super Pawn (FCFS: NYSE) Market Cap $3.22 Billion; Encompass Care and Advanced Manual Therapy

Investment Overview

Marcus & Millichap is pleased to exclusively present The Shops at Centennial Village in North Las Vegas, NV. This medical/retail investment opportunity features a high-quality, 14,022 square foot pad building situated upon 1.14 acres of land, located at the hard, signalized corner of Losee Road at East Centennial Boulevard. The dominant Centennial Village Shopping Center is a 205,000 daily and lifestyle needs center with an under-construction Sprouts Farmers Market and top-performing EOS Fitness Center, with additional complementary national tenants such as CVS, 7-Eleven, an under-construction El Pollo Loco, Carl's Jr. and others. The property is secured with long-term leases amongst three strong tenants, including Cash America Super Pawn (FirstCash Holdings, Inc.) (NYSE: FCFS) - $3.22 Billion Market Cap, who has occupied since 2006; Encompass Care (family/urgent care facility) who has occupied since 2013 and recently exercised it's first ten-year option; and Advanced Manual Therapy, a successful local chain of physical therapy centers who has occupied since 2017 and is half-way through its ten-year term. Tremendous development activity in the surrounding region with more than 10,000 new residential homes built over the past decade, a majority of which includes developments directly adjacent to the Subject Property.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower