LOGIC Commercial Real Estate is pleased to present a rare opportunity to purchase Cannery Corner (the “Property”), an institutionally owned Class A shopping center located in the Las Vegas MSA. This offering gives a purchaser the opportunity to gain exposure to the Greater Las Vegas Market by owning a trophy asset which dominates retail demand in its respective trade area. Cannery Corner is occupied by a tenant mix consisting of some of the strongest performing nationally recognized names in their industry, which include Chipotle, Sherwin-Williams, Jamba Juice, Five Guys Burgers and Fries, Sport Clips, Batteries Plus, and Carl’s Jr. 94% of the current tenant roster is leased to tenants in the service and/or food/beverage industry, therefore reducing their risk to the threat of internet competition.
HIGHLIGHTS:
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CLASS A SHOPPING CENTER:
Cannery Corner is a true Class A shopping center due to its tenant roster of nationally recognized names, its strategic location being the first shopping center west of the I-15 Freeway on Craig Rd., and is one of the most dominant power centers in the region with dual anchors consisting of Lowe’s (NAP) and Sam’s Club (NAP).
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PRIDE OF OWNERSHIP TENANT ROSTER:
Cannery Corner features some of the strongest performing ‘internet resistant’ tenants in the retail industry, which include the following: Chipotle, Five Guys, Jamba Juice, Sherwin-Williams, T-Mobile, Famous Dave’s BBQ, and Carl’s Jr.
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INTERNET RESISTANT AND ‘AMAZON PROOF’ TENANT MIX:
93% of the GLA (17 occupied spaces) consists of tenants in the service industry, and 56% of the tenant roster (10 occupied spaces) are in the food/beverage industry, consistently driving daily traffic to the center.
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