PECOS LEGACY CENTER - 2556 - 2584 Wigwam Parkway, Henderson, NV

2556-2584 Wigwam Parkway Henderson, NV 89074

  • 75,740 Square Feet
  • Retail
  • For Sale

Summary Description

STRONG ANCHOR TENANTS
• Anchored by 24 Hour Fitness and CVS(NAP), providing significant traffic and excellent retail synergy to shop tenants.
• 24 Hour Fitness which has been operating at Pecos Legacy Center since 1998 recently extended their lease through Oct. 31, 2023, showing their commitment and success at this location. They occupy over 55% of the GLA and represent over 45% of the rental income at the property.

 EXCELLENT LOCATION WITH STRONG DEMOGRAPHICS
• Located a half mile north of the I-215 Freeway, along Pecos Road, one of Green Valley’s largest north/south thoroughfares.
• Over 126,560 households within a 5-mile radius with an average household income of $88,942 in a 1-mile radius.
• Strong traffic counts in excess of 23,900 cars per day at the intersection.

 VALUE-ADD OPPORTUNITY
• The offering provides an investor upside through the lease up of vacancies, and the renewal of current under-market tenants.

 DESIREABLE IN-PLACE DEBT FINANCING
• In-place CMBS Debt financing with a below market fixed rate of 4.4725% until 2026, offering a Year 1 Cash on Cash return of 9.54%

Property Status: For Sale

Price: $14,775,000 USD

Lot Size: 356,942 Square Feet

Building Size: 75,740 Square Feet

Area Available: 75,740 Square Feet

Features:

  • Strong Anchor Tenants
  • Excellent Location with Strong Demographics
  • Value-Add Opportunity
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