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Key Investment Highlights

  • Significant Value-Add Potential: Green Valley Town Center is currently 27% occupied which allows investors the opportunity to acquire an asset below replacement cost and provides the ability to implement a unique business plan to reposition and stabilize the asset.
  • Well-Performing Submarket: The Property is situated in the Southeast Las Vegas retail submarket which is home to over 21 million square feet of retail space that is collectively 93% leased. The submarket has experienced six consecutive quarters of occupancy growth despite over 130,000 square feet of net deliveries over the same period.
  • Excellent Access and Visibility: The Property is well located along Sunset and Green Valley, two heavily trafficked, major neighborhood thoroughfares.
  • Strong Demographics: The Property benefits from strong surrounding demographics with over 150,000 people and 58,000 households with an average income over $60,000 living within a three-mile radius of the Property.


Overview

Green Valley Town and Country, is a 130,773 square foot neighborhood retail center located in Henderson, Nevada (the “Property”), approximately 8 miles southeast of the Las Vegas Strip. Situated on a 10.51 acre site, the Property was constructed in 1989 and is comprised of two separate retail strip buildings that are inclusive of an attached 49,100 SF anchor space. The Property is currently 27.5% occupied by a diverse mix of 16 tenants.

The Property benefits from its location at the intersection of Sunset and Green Valley, two primary thoroughfares within the Henderson area which are a localized commercial and retail node. The submarket’s main demand drivers include the Galleria at Sunset Mall and the Green Valley Ranch Hotel and Casino, which draw a majority of their customers from the surrounding local area. In addition, the Property is proximate to several surrounding master planned communities including the 8,400 acre Green Valley and the 1,310 acre Green Valley Ranch which each include numerous single-family subdivisions. The immediate area includes a mix of national and local retail tenants including Trader Joe’s, Dollar Tree, USPS, Smith’s, and Galaxy Green Valley Luxury Theatre.

The opportunity present investors with an exceptional opportunity to acquire an underperforming retail asset located within a strong retail submarket in Las Vegas.

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All investors who are interested in engaging Holliday Fenoglio Fowler, L.P. (“HFF”) and CW Capital Markets (“CW”) (collectively “HFF/CW”), a financial intermediary, to assist in arranging financing for the property should contact Brock Cannon at HFF, L.P. via email (bcannon@hfflp.com) or by phone at (212) 632-1808.


Throughout the marketing period HFF will provide investors with real time debt quotes from various capital sources. It is to the investor’s benefit to contact Brock Cannon early in the process in order to discuss all available terms, along with the advantages of engaging HFF/CW on the financing versus completing an all-cash acquisition.

 

Benefits of Engaging HFF/CW In Arranging Financing Include:

  • Transparency: Continued transparency in the debt capital markets for the subject opportunity based on real time conversations HFF is having with lenders
  • Access to Property: Lender will have access to the property, post contract, to complete their diligence prior to closing
  • Financing In Place: Allows the investor to close with financing in place

 

Note: Benefits referenced above will only be made available to investors who engage HFF/CW prior to the auction start date. It is recommended that investors contact HFF early in the process.


HFF’s Debt Placement Services

As a leading mortgage banker in the U.S., HFF’s extraordinary transaction volume provides the unparalleled capital markets knowledge necessary to develop the most creative financing strategies to meet and exceed client expectations.  Our established relationships with insurance companies, investment banks, foreign and domestic banks, a Fannie Mae lender, Freddie Mac and pension funds have allowed us to provide our clients with the most competitive terms and most reliable executions in the debt and equity market.

Loan Types HFF Assists With Include:

  • Fixed-rate loans
  • Construction loans
  • Forward loans
  • Tax-exempt loans
  • Floating-rate loans
  • Construction/permanent loans
  • Bridge/acquisition loans
  • Credit-tenant lease transactions

 

HFF’s 2017 Commercial / Multifamily Annual Origination Rankings per the MBA:

  • #1 Total Loan Originations
  • #1 Intermediary
  • #1 Insurance Company Originator
  • #1 Credit Company Originator
  • #1 Originator for Third Parties
  • #1 Total Direct Originations
  • #1 Seconds/Mezzanine/Preferred Equity Structures

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Significant Value-Add 131,000 SF Neighborhood Retail Center in Henderson, Nevada

4140 East Sunset Road, Green Valley, NV 89014

Sold Subject To

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Retail Type
  • Neighborhood Center
  • Anchor
  • Yes
  • Property Size
  • 130,773 Sq Ft
  • Land Area
  • 10.47 Acres
  • Year Built
  • 1989
  • Number of Buildings
  • 2
  • Parking Count
  • 562
  • Occupancy
  • 27.45%
  • Occupancy as of
  • May 31, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Shane P. Jacob

      c/o Fisher Auction Company Inc.

      License: #NV20141327564; P63-000561