Express Plaza Offering Memorandum 716-720Center Street, Henderson, Nevada 89015 Express Plaza Offering Memorandum 716-720Center Street, Henderson, Nevada 89015 EXCLUSIVE ADVISORS Matthew Patros Associate - Sales & Leasing 702.941.7380
[email protected] 5960 South Jones Boulevard Las Vegas, Nevada 89118 T 702.388.1800 F 702.388.1010 www.mdlgroup.com THE OFFERING MDL Group is pleased to offer an exceptional opportunity to purchase Express Plaza, a Retail Center located at 716-720 Center Street in Henderson, NV. The property is currently at 91% occupancy with an excellent mix of tenants. INVESTMENT HIGHLIGHTS SUMMARY °Excellent Value-add opportunity: 80% of tenants signed leases at well below Asking Price $1,600,000 market rents. Price PSF $125 °Excellent Visibility: The property features strong curb appeal and excellent NOI $110,947 visibility off both Major Ave and Center St. Cap Rate 6.93% °Below Replacement Cost: Price per square foot is well below current Occupancy 91% estimated replacement cost. SF ±12,700 °Direct Access: Multiple access points off Center St. and Major Ave. and direct Year Built 2007 access to the hard corner 7-11. Site Size 1.53 Acres °Value Add Opportunity: Below market rents present opportunity for an investor to capture increased revenue. The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness. PROPERTY OVERVIEW PROPERTY LOCATION Express Plaza is located in the Southeast submarket, the property is sit- Property Type Inline Retail uated ½ mile East of Boulder Hwy. and ½ mile South of Cadence Master planned community at the Northwest corner of Burkholder Blvd.