Cheyenne Commons

LOGIC Commercial Real Estate in conjunction with RealINSIGHT Marketplace, is pleased to offer for sale Cheyenne Commons (the “Property”). Cheyenne Commons is a +/-361,486 SF Walmart, Floor & Décor and Ross anchored power center developed in 1993 within a dense and mature northwest suburb of Las Vegas, NV. The subject property is positioned at the southwest corner of Rainbow Blvd. and Cheyenne Ave. along the US-95 Freeway, featuring +/-1,600 ft of frontage on Rainbow Blvd. with combined traffic counts in excess of +/- 227,000 CPD. Cheyenne Commons is located in close proximity to Mountain View Hospital, with 340 beds and over 2,600 employees and physicians, while servicing a 5-mile population of +/- 416,659 residents with average annual household incomes of +/- $74,243.

INVESTMENT HIGHLIGHTS

• Value Add Opportunity: Cheyenne Commons is 80.12%* occupied with over 70,000 SF available for lease in prime locations within the center.
• Recent Renovations Completed: In August 2018 the seller completed a renovation of the center totaling over $2,700,000, including new roof, paint, new awnings, updated lighting, parking lot repairs, landscaping repairs and updated pylon signs.
• Dense and Affluent Demographics: Cheyenne Commons services residents both East and West of the US-95 including affluent NW Summerlin, The Pueblo and Desert Shores communities with +/- 416,659 residents within a 5-mile radius and average household incomes of +/- $74,243.
• Excellent Freeway Visibility & High Traffic Location: Cheyenne Commons serves as the dominant retail center within the immediate trade area as it is conveniently located directly off the US-95 freeway (164,000 CPD) at the signalized southwest corner of Rainbow Blvd. and Cheyenne Ave. boasting combined traffic counts in excess of +/- 63,000 CPD.
• Excellent Ingress and Egress: Cheyenne Commons has 8 points of ingress and egress with access from Cheyenne Ave. and Rainbow Blvd. at two separate signalized intersections providing complete cross access and easy traffic flow throughout the entire Property.