REO: Deer Springs Town Center | Value-Add Power Center | Las Vegas

Investment Highlights

Power Center Value-Add Opportunity - Deer Springs Town Center is 79% occupied, giving an investor the opportunity to add value by leasing up the vacant suite. The ±38,122 SF vacant suite (7020-A) benefits from its neighboring tenants, Target (NAP) and Burlington.   

Impressive, Credit Tenant Mix - The Deer Springs Town Center power center has an impressive national, regional and local tenant mix, including Staples, Ross Dress for Less, PetSmart, Michael’s, Burlington, Target (NAP), The Home Depot (NAP), Jackson Hewitt, and Sally Beauty.

High-Traffic Location and Impressive Demographics - Deer Springs Town Center power center benefits from its freeway access and visibility. The offering is just west of the CC-215 with ±31,000 CPD and is situated on the NEC of N. 5th Street and E. Deer Springs Way with a combined ±45,800 CPD. The property benefits from over a 254,000 population with over $110,000 average household income within a 5-mile radius. 

Robust Residential Masterplans and Development - Deer Springs Town Center power center is strategically located within minutes of Aliante Masterplan and Villages at Tule Springs Masterplan. The Aliante masterplan, one of the largest master-planned communities in North Las Vegas, is just west of the power center.

Offering Details

LOGIC CRE and RI Marketplace are pleased to offer for sale Deer Springs Town Center, a +/- 185,513 SF multi-tenant power center built in 2009 within the business-friendly Las Vegas MSA "North" submarket. Conveniently located just off the CC-215 at the Northwest Corner of N. 5th Street and E. Deer Springs Way, it experiences a high traffic flow of +/- 50,300 CPD. Serving a population of around 254,325 residents living within a 5-mile radius, the average household income in the area is approximately $94,683. This asset is currently 79.45% occupied, presenting a value-add opportunity for investors with one vacancy of +/- 38,122 SF available for lease.”