Lake Mead Gateway Plaza

Adelphi Property Advisors is pleased to offer the opportunity to acquire the fee simple interest (land/building ownership) in Lake Mead Gateway Plaza (the ‘Property’), a rare 100% occupied shopping center anchored by Albertsons (Not a Part). The Property is located in Henderson, NV (Las Vegas MSA) and is situated at the hard corner of N Boulder Hwy. and E Lake Mead Pkwy. (over 62,000 VPD). Lake Mead Gateway Plaza sits adjacent to Cadence, a new 2,200- acre master planned community, which is among the top 10 bestselling masterplanned communities in the nation with 11,000 households projected. The Property benefits being located in the main shopping district in the immediate area surrounded by several national tenants including Walmart Supercenter, Target, and Marshall’s.

Lake Mead Gateway Plaza contains several national and strong regional/local tenants, including H&R Block, Capriotti’s, Freeway Insurance, and Marco’s Pizza. A total of 10 of the 14 Tenants (85% of the income) have occupied the Property since 2017 or prior, providing the Landlord a secure return over the years. Every tenant at Lake Mead Gateway Plaza has set annual increases in place and are all set up on NNN leases with the tenants covering operating expenses. The largest tenant occupies 12% of the Total Income, which will minimize the risk of a large vacancy occurring at one time at the Property.