6.41 Acres, Las Vegas Msa

Land Description

6.41 AC Las Vegas MSA - 15% Pop Growth | HH Income

Investment Highlights

• Development-ready site with preliminary work done for retail plaza, parking and shared access - site plan in document vault

• Direct frontage and visibility to ±16,305 Vpd

• Excellent demographics with 2020 population of ±109,355 individuals with an average HH income of Double-digit growth from 2010-2020 (5-mile radius)

• Ideally positioned in trade area and benefiting from proximity to growing residential and new commercial construction

• Zoned Community Commercial - Allows for community and regional retail shopping

• Absolute Auction - NO Reserve

Offering Details

CBRE and are proud to present a ±6.41 AC parcel located on Lake Mead Parkway (the “Property”) in Henderson, Nevada approximately 16 miles from Las Vegas. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property is a ±6.41-Acre parcel situated adjacent to a newer retail plaza along the area's busiest Parkway. Traffic in front of the Property along Lake Mead Parkway is ±16,305 vehicles per day. The Property benefits from strong demand generators and is surrounded by many growing neighborhoods dominated with high value single-family homes, as well as numerous credit tenants along this retail corridor including Cvs, Sonic, 7-11, Chevron, Discount Tire, Harbor Freight Tools, Marshalls, Albertsons and many others. Within five miles of the Property, the population has grown 27.5% since 2010 and anticipated to grow another 10% between 2020 and 2025.

The Property is being offered at a substantial discount to the current Clark County assessment and is currently zoned Community Commercial, with favorable zoning allowing a generous variety of uses. The CC district is established to provide sites for community and regional retail shopping centers containing a wide variety of commercial establishments including retail stores and businesses selling home furnishings, apparel, durable goods, and specialty items; restaurants; commercial recreation; service stations; and business, personal, and financial services. The CC district is generally intended for application along Lake Mead Parkway and at the intersection of two arterial streets as identified on the Master Transportation Plan.

The Property is in Henderson, five miles east of Interstate 515 and minutes from the Vegas Strip and McCarran International Airport. The Property benefits from compelling demographics and in 2020, had approximately 109,355 individuals residing within a five-mile radius and average household income of

This offering provides the opportunity to develop an extremely well-located asset within a growing market with double-digit growth in the last ten years.