Shopping Neighborhood
Nucleus Plaza
900 W Owens Ave, Las Vegas, NV 89106
Listing Price: $9,710,000
Investment Overview
Nucleus plaza is a 112,505 square foot, single story, mixed use retail center located on the corner of Owens and H street in the Historic West Side of Las Vegas. The center consists of 21 tenants with 68% of the income stream being generated by tenants that have been at the center for over 5 years. The largest tenant, the Nevada State Welfare office, has occupied its’ space over 10 years.
This offering is priced at only $86.31 per square foot at the list price and provides a 12.29% cash on cash return. The income stream is free of competition from online retailing and will provide many years of stable cash flow. For the conservative investor looking to acquire a stabilized income producing asset at well below replacement cost, Nucleus Plaza is an exceptional opportunity.
Nucleus Plaza
Investment Highlights
- Exceptional 10% going in CAP rate and 12.29% cash on cash return at offering price
- 68% of the income stream from seasoned tenants with 5+ years occupancy at the center
- 80% of the square footage is occupied by seasoned and/or tenants that have been in business over 5 years
- Priced at only $86.31 per square foot, well below replacement cost
- Excellent street frontage and exposure to all tenant units
- All tenant are free of competition from online retailing
- Located in Historic West Side Opportunity Zone offering the benefit of Capital Gains Tax Deferral
- Welfare office has consistently extended their lease, most recent extension occurring in the second quarter of 2024.
Exclusively Listed By
Financing By
Listing Price: $9,710,000
Investment Highlights
- Exceptional 10% going in CAP rate and 12.29% cash on cash return at offering price
- 68% of the income stream from seasoned tenants with 5+ years occupancy at the center
- 80% of the square footage is occupied by seasoned and/or tenants that have been in business over 5 years
- Priced at only $86.31 per square foot, well below replacement cost
- Excellent street frontage and exposure to all tenant units
- All tenant are free of competition from online retailing
- Located in Historic West Side Opportunity Zone offering the benefit of Capital Gains Tax Deferral
- Welfare office has consistently extended their lease, most recent extension occurring in the second quarter of 2024.
Investment Overview
Nucleus plaza is a 112,505 square foot, single story, mixed use retail center located on the corner of Owens and H street in the Historic West Side of Las Vegas. The center consists of 21 tenants with 68% of the income stream being generated by tenants that have been at the center for over 5 years. The largest tenant, the Nevada State Welfare office, has occupied its’ space over 10 years. This offering is priced at only $86.31 per square foot at the list price and provides a 12.29% cash on cash return. The income stream is free of competition from online retailing and will provide many years of stable cash flow. For the conservative investor looking to acquire a stabilized income producing asset at well below replacement cost, Nucleus Plaza is an exceptional opportunity.
Exclusively Listed By
Financing By
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