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Centennial Retail Center

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Centennial Retail Center
5570 Painted Mirage Rd Las Vegas, NV 89149

Adelphi Property Advisors is pleased to offer the opportunity to acquire the fee simple interest (land/building ownership) in Centennial Retail Center (the “Property”), a 10,852 SF shopping center located in the Northwest Submarket of the Las Vegas MSA. The Property is located at the intersection of Painted Mirage Rd and Ann Rd, immediately off the US 95 Freeway. Centennial Retail Center is located on the edge of Centennial Hills and Summerlin master-planned communities, and benefits from being located in the heart of the Centennial Hills Retail & Medical District. The Property is situated next to the Las Vegas Skin and Cancer Institute and Centennial Gateway, a 1.2 million SF shopping district containing several national tenants including the Home Depot, Walmart, and Sam’s Club.

The Property contains a strong mix of national and strong regional/local tenants, including Crumbl Cookies, Affordable Dental, and The Cracked Egg. Centennial Retail Center has 5 units with the largest unit only taking up 27% of the GLA, reducing the risk of a large loss in income. Additionally, 2 of the 5 Tenants (56% of the GLA) have been at the Property since 2010 and prior. Every tenant at Centennial Retail Center has set annual increases in place and are all set up on NNN leases with tenants covering operating expenses.

$6,250,000
SIZE 10,852 SFCAP 6.20%OCC 100%
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    PropertyAgents
    Mica
    Mica Berg
    Managing Partner
    Jeff
    Jeff Berg
    Managing Partner
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