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. 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. & Center Address 716 -720 Center Street, Henderson, NV 89015 St., having the civic address of 716-720 Center St.