For Sale - 1.5 Net Acre Corner North Las Vegas

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ER SPRINGS WAY

Under Construction Woodside Homes

N 5TH ST

For Sale - 1.5 Net Acre Corner

PROPERTY HIGHLIGHTS

Villages at Tule Springs

R-4 High Density Owned by Camden REIT Owned by Clark County School District

R-3 Owned by Camden REIT

North Las Vegas APN: 124-22-701-007

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Sale Price: $2,090,880 ($32.00 per square foot).



1.5 net acres (65,340 square feet).



Zoned Retail (C-2) in the City of North Las Vegas.



Adjacent to Kohl’s, Target, McDonald’s, Home Depot, Toys R Us, Staples, Pet Smart, In N Out, Michaels and Ross.



Surrounded by high density residential projects in various stages of completion.



One block from the 215 Beltway/N. 5th interchange.



High growth, high income demographics.



Located on the hard corner of N. 5th and Deer Springs Way.



The N. 5th Street Improvement Project will multiply the traffic to the site.



Flat Topography.



Buyer to subdivide existing 10 acre parcel.

R-E

SUBJECT PROPERTY

Zoned R-4 High-Density

Johnston Caroll Middle School

Ben Millis, SIOR Managing Director 702.405.1726 [email protected]

Dave Wrzesinski Associate Director 702.866.6561 [email protected]

3930 Howard Hughes Parkway, Suite 180, Las Vegas, NV 89169

PECOS RD

TROPICAL PKWY

T: 702.733.7500 F: 702.862.8242

www.ngkf.com

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

For Sale - 1.5 Net Acre Corner

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North Las Vegas APN: 124-22-701-007

DEER SPRINGS TOWN CENTER

VILLAGES AT TULE SPRINGS

215

Villages at Tule Springs is a 2,675 acre master planned community. KBS Strategic Opportunity REIT recently purchased a majority of the site and have completed the development agreement with the City. Villages at Tule Springs is expected to provide approximately 15,000 new residential units in the next few years.

Legacy High School

5TH ST

DEER SPRINGS WAY

MMERCE ST

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For Sale - 1.5 Net Acre Corner

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North Las Vegas APN: 124-22-701-007

DEER SPRINGS TOWN CENTER

AREA DESCRIPTION

215

A 1.5 net acre parcel corner perfect for gas station, fast food, bank branch or pharmacy. Buyer to subdivide from existing 10 acre gross parcel. The site will benefit greatly from the N. 5th Street Improvement Project. The project is designed to provide an arterial from downtown to I-215 with six lanes of traffic and public transportation.

SPRINGS WAY

5TH ST

The property is located on a hard corner, one block south of the 215 Beltway interchange on N. 5th Street. Directly adjacent to the east is an existing retail center with Kohl’s,Legacy Target, McDonald’s, Home Depot, Toys R Us, Staples, Pet Smart, In-N-Out, 7-11, Michael’s and High Ross. The parcelsSchool immediately north and west of the subject are owned by an apartment REIT with plans to build high density residential. The parcel adjacent to DEER the south is also zoned for high density residential (R-4). North of the interchange is Villages at Tule Springs, a 1,625 acre community.

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DEER SPRINGS TOWN CENTER

Legacy High School

MMERCE ST

215 IAL PKWY

5TH ST

DEER SPRINGS WAY

ST

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® Woodside v Homes

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For Sale - 1.5 Net Acre Corner

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North Las Vegas APN: 124-22-701-007

DEER SPRINGS TOWN CENTER Villages at Tule Springs

215

Villages at Tule Springs

Legacy High School DEER SPRINGS WAY

The site will benefit greatly from the N. 5th Street Improvement Project. The project is designed to provide an arterial from downtown to 215 Beltway with six lanes of traffic and public transportation.

5TH ST

N 5TH IMPROVEMENT PROJECT

MMERCE ST

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