sears @ s.0016378 grand canyon · logic commercial real estate 3900 s. hualapai way, suite 200 las...

AMELIA HENRY, [email protected] BS.0144825

presented by:

TED [email protected]

F O R S A L E

L E A S EH O L D

SEARS @GRAND CANYON

N O W A C C E P T I N G

O F F E R S

The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof

4355 S. Grand Canyon Dr.Las Vegas, NV 89147

LOGIC COMMERCIAL REAL ESTATE • 3900 S. HUALAPAI WAY, SUITE 200 • LAS VEGAS, NV 89147 • P: 702.888.3500 • WWW.LOGICCRE.COMThe information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof

Opportunity to Acquire A Leasehold Interest � Year built: 2004

� +/- 159,671 SF Box

� Sits on +/- 12.19 AC in a retail anchored shopping center

� 7 automotive bay doors

� Summerlin adjacent

� Abundant Parking

� Regional access via CC-215 Beltway

� Average household income $90,000+ within a 3-mile radius

� Only 15 minutes away from the Las Vegas strip

� Surrounding retailers include JCPenny, Target, Kohls, Chuck E Cheese’s, Chase Bank, etc.

PROPERTY DETAILS

Updated: 10.28.19

Annual Base Rent PSF: $3.76

Annual Gross Rent PSF: $5.25

Current Lease Expiration Date: 07/31/2024

Last Expiration Date: 07/31/2064

Lease Type: Ground Lease

Rental Increases 5% Each Option Period

Current Lease Terms




PROPERTY PHOTOS




PARKWAY TAVERN

ELYSIANAPARTMENT

HOMES

UNIONAPARTMENT

HOMES

CHATEAU NOUVEAU

THE CLIFFS AT

PEACE CANYON

ELY AT SPRING VALLEY

APARTMENT HOMES

ALICANTEAPARTMENT

HOMES

RED ROCK POINTRETIREMENT COMMUNITY

PLANNED MULTI-FAMILY

400 UNITSPLANNED USE TOWN HOMES

AERIAL MAP




RED ROCKCOUNTRY CLUB

1,116 luxury homes

THE RIDGESPrivate luxury custom home development

with 120+ homes under constructionand Bear’s Best 18 hole Golf Course

THE SUMMIT555 acres

Exclusive Luxury homes &18 hole Golf Course

THE MESACurrently 642 homes &

planned new construction0f 1200+ homes

SUN CITY SIENNA2001+ homes and

18 hole Golf Course

KB HOMES320 Single

Family Homes

WARMINGTON98 Single

Family Homes

THE LAKES

CHARLESTON BLVD.

215 BELTWAY // 72,000 CPD

FLAMINGO RD.

TROPICANA AVE.

DESERT INN RD.

SPRING MOUNTAIN RD.

TWAIN AVE.

FORT A

PACH

E RD.

GRA

ND

CAN

YON

DR.

HU

ALA

PAI W

AYH

UA

LAPA

I WAY

DU

RAN

GO

DR.

DU

RAN

GO

DR.

EL CAPITA

N W

AY

SAHARA AVE.

SUMMERLINFUTURE VILLAGE

RESIDENTIAL DEVELOPMENT

MAJOR RETAILERS

SCHOOLS

SUBJECT

TOW

N CEN

TER DR.

Macy’sDillard’s

Nordstrom RackRegal Cinemas

Trader Joe’sCrate & Barrel

CostcoLowe’s

Best BuyMarshall’s

RossBed Bath & Beyond

Office Depot

TargetHome Depot

Kohl’sCoffee Bean

Greens and ProteinsLVACZaba’s

Buffalo Wild Wings

WalmartLowe’s

Pet SmartRoss

Applebee’sIHOP

Starbucks

Las Vegas Golden KnightsPractice Facility

Lifetime Fitness

Albertson’sPort of Subs

La-Z-Boy

AERIAL MAP


SITE PLAN

SUBJECT

NAP

GRAND CANYON PKWY.




RADIUS MAPPOPULATION 1-mile 3-mile 5-mile

2019 Estimated Population 20,412 153,938 313,898

2023 Projected Population 22,884 169,090 344,964

2010 Census Population 17,030 127,003 262,100

Annual Growth 2010 - 2019 1.98% 2.10% 1.97%

Annual Growth 2019 - 2023 2.31% 1.90% 1.91%

INCOME 1-mile 3-mile 5-mile

2019 Average Household Income $85,110 $92,151 $92,380

2023 Projected Average Household Income $96,911 $103,390 $104,715

2019 Per Capita Income $34,603 $36,877 $36,468

2023 Per Capita Income $39,244 $41,141 $41,124

HOUSEHOLDS 1-mile 3-mile 5-mile

2019 Total Households 8,396 61,606 122,739

2023 Total Households 9,373 67,287 134,047

2010 Census Households 2,940 30,499 65,929

HOUSING 1-mile 3-mile 5-mile

2019 Total Housing Units 9,242 68,646 138,431

2019 Owner Occupied Housing Units 3,544 32,213 66,629

2019 Renter Occupied Housing Units 4,853 29,393 56,111

2019 Vacant Housing Units 846 7,040 15,692

2023 Total Housing Units 10,196 74,613 150,497

2023 Owner Occupied Housing Units 3,884 36,005 74,242

2023 Renter Occupied Housing Units 5,489 31,282 59,805

2023 Vacant Housing Units 823 7,326 16,450

DEMOGRAPHICS


PROPERTY MANAGEMENTLOGIC Property Management team members are tenured professionals with a comprehensive knowledge and understanding of commercial real estate management. We methodically approach each assignment with customized management strategies that meet the client’s needs, maintain the property’s physical plant, and effectively service tenants.

We know our priority is to cooperate with our tenants by working intelligently to reduce expenses and to serve our owner-clients by identifying creative ways to drive income. We provide for accountability in every step we take, from management to accounting. Logic Property Management will pinpoint a client’s goals and objectives, meet challenges, and achieve expected results from your investment.

Contact:LAUREN VANISKIDirector of Property [email protected]

ADDITIONAL SERVICES

CAPITAL MARKETSLOGIC Capital Markets is a preferred funding source for investors, developers and operators of commercial real estate. Our loan brokerage service and origination platform provide our clients access to the market’s wide range of competitive products for all property types. Through our relationships which include banks, conduits, life companies, mortgage funds, and hard money lenders, we are able to offer debt and equity financing for the purpose of acquisition, development, refinance, buyouts, and more.

Contact:JEFF MAHONEYVice [email protected] Lic: 62248NMLS: 1724377

We provide a host of services to our clients that include Property Management and Capital Markets.

sears @ s.0016378 grand canyon · logic commercial real estate 3900 s. hualapai way, suite 200 las...

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