The Berg Team at Sperry Van Ness has been selected to exclusively market for sale The Landings at North Las Vegas Airport. The total site is 17.57 net acres and is on a 50 year ground lease with Clark County. The property offers income from 3 existing long term tenants (US Bank, Del Taco, and Metro Pawn) situated on frontage pads, as well as the opportunity to develop prime real estate on Rancho Drive. All the offsites have been completed. Also included in the offering is a 22,200 square foot ‘grey shell’ building, located on the NE section of the project. Once fully developed, the project has the potential to consist of up to 135,000 square feet of retail and office space. A purchaser of the ground leasehold interest will be able to capitalize on the frontage of Rancho Drive, with exposure to over 42,000 vehicles per day. The City of North Las Vegas and Clark County are ready to work with a developer to help create a vibrant and successful development to serve this corridor. Sales Info: ■ Commision split: 0.0% Location Description: The Landings is located in the North Las Vegas Submarket, on the northeast corner of North Rancho Drive & Carey Avenue, having the civic address of 2420-2490 North Rancho Drive, North Las Vegas, Nevada. The property is in close proximity to the North Las Vegas Airport, the Fiesta Casino and Texas Station Casino. Highlights: ■ Potential to build a total of 135,000 SF of office/retail/industrial ■ 5.55% Cap Rate on existing income ■ US Bank, Del Taco, and Metro Pawn are all on long term leases with in-creases. ■ Offsites are complete and the project is ready to go vertical ■ Excellent frontage on Rancho Dr. ■ Nearby Fiesta Casino, Texas Station, and Walmart Supercenter. ■ Adjacent to North Las Vegas Airport « show less
The Berg Team at Sperry Van Ness has been selected to exclusively market for sale The Landings at North Las Vegas Airport. The total site is... show more »
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