Deer Springs Town Center

7020 N. 5th Street, North Las Vegas, NV 89084

— For Sale —

Auction Website rimarketplace.com

Auction Date September 25th, 2024

Year NOI $1,711,009

Total Building Size ± 185,513 SF

Property Information

LOGIC Commercial Real Estate proudly presents Deer Springs Town Center, a ± 185,513 SF value-add power center built in 2009 in the business-friendly Las Vegas MSA “North” submarket. Currently 79.45% occupied, this center boasts a robust mix of national and regional tenants, including Staples, Ross Dress For Less, PetSmart, Michaels, and Burlington. The property’s appeal is further enhanced by adjacent anchor tenants such as Target (NAP), The Home Depot (NAP), Popeyes (NAP), and In-N-Out Burger (NAP). With its diverse tenant roster and value-add potential through a lease-up opportunity, Deer Springs Town Center presents an attractive investment proposition in North Las Vegas’s expanding market.

Strategically positioned at the Northeast corner of N. 5th Street and E. Deer Springs Way, just off CC-215, Deer Springs Town Center benefits from excellent visibility and high traffic counts of approximately 45,800 vehicles daily. This prime location serves a substantial population of about 249,000 residents within a 5-mile radius, boasting an impressive average household income of $100,655.

Deer Springs Town Center stands at the nexus of significant residential growth in North Las Vegas. The power center is located near the established Aliante masterplan and the burgeoning Villages at Tule Springs development. The latter plans to introduce over 8,600 new homes in the immediate vicinity, promising a substantial influx of potential customers. Additionally, the approved future Stations Casino resort and casino east of the Tule Springs development further underscores the area’s growth trajectory. This confluence of residential and commercial development positions Deer Springs Town Center to capitalize on the expanding North Las Vegas market, offering investors a unique opportunity to participate in the area’s future prosperity.

Contact

Brokerage

Jason Otter

Founding Partner
Las Vegas
License S.0168161.LLC
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O 702.954.4109
C 702.235.6418
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Brokerage

Bart Debuono

Senior Associate
Las Vegas
License S.0176508.LLC
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O 702.954.4129
C 347.835.7102
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Brokerage

Cooper Powell

Senior Associate
Las Vegas
License BS.0145955.LLC
O 702.954.4154
C 702.596.7276
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Brokerage

Madeline Nuha

Associate
Las Vegas
License BS.0146665
O 702.954.4131
C 808.542.9722
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