Cheyenne Fountains

Adelphi Property Advisors is pleased to offer the opportunity to acquire the fee simple interest (land/building ownership) in Cheyenne Fountains (the property), a 28,355 SF shopping center located in the Northwest Submarket of the Las Vegas MSA. The Property is located in a highly desirable location on the edge of Summerlin with immediate access to the US 95 Freeway and nearby CC 215 Beltway. Cheyenne Fountains also benefits from being located less than a mile from MountainView Hospital, a state-of-the-art full service 425-bed medical facility.

Cheyenne Fountains contains several national and strong regional/local tenants, including Capriotti’s, Caremore Health, Statefarm, Salon Centric, and Las Pupusas. The Property has 16 units with the largest unit only taking up 12% of the GLA, reducing the risk of a large loss in income. Additionally, 7 of the 13 Tenants (65% of the income) currently occupying the Property have been there since 2013 or prior. Every tenant at Cheyenne Fountains has set annual increases in place and are all set up on NNN leases with tenants covering operating expenses.