CBRE and RealINSIGHT Marketplace are pleased to present the sale of the leasehold interest of Whole Foods Marketplace, a 90,373 SF grocery-anchored retail center located in Las Vegas, Nevada (the “Property”).
The Property was constructed in 1999 and consists of four buildings with 4.85 parking spaces per 1,000 SF. It is anchored by a 27,000 SF Whole Foods, which recently executed a renewal option through 2023. In addition, the Property is subject to a ground lease through 2057 (fully extended).
The Whole Foods Marketplace is currently 95% leased and provides immediate, in-place and stable cash flow from a diverse mix of national (Whole Foods, 27,000 SF, LXD 11/2023 & Aqua-Tots, 6,004 SF, LXD 10/2029) and local internet-resistant tenants–offering an investor the opportunity to create additional value through the lease-up of the remaining 5,000 SF of vacant space and by executing Whole Foods’ second extension term through 2028.
Located along Lake Mead Boulevard, Whole Foods Marketplace has signage visible to over 60,000 vehicles passing daily and is strategically situated near the intersection of two major thoroughfares in Route 95 and Route 613 in the highly desirable and rapidly growing northwest submarket. Due to the Property's close proximity to the two highways, the Property benefits from immediate access to downtown Las Vegas and approximately 150,000 vehicles passing daily.
The sale presents a unique opportunity for investors to purchase a well-located, grocery-anchored retail center with upside potential through additional leasing in a market that continues to demonstrate strong growth.
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.
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Cooperating brokers may be eligible for a 0.50% co-op fee if their client is the winning bidder. If you are a broker, click here to login and identify your client.
Shane P. Jacob
c/o Fisher Auction Company Inc.
License: NV20141327564 P63-000561; Clark County: 2000817-056-221