200 S Highway 160
Pahrump, NV 89048

RealInsight Marketplace and CBRE Capital Markets are pleased to present the sale of Pahrump Valley Junction Shopping Center, a 116,552 square foot grocery-anchored retail center located in Pahrump, Nevada ("the Property", or the "Center"). The Center, constructed, in 1998, consists of three buildings and 633 parking spaces or 5.43 space per 1,000 SF. Located approximately 64 miles west of Las Vegas, the Property is currently 93.5% occupied and is anchored by Albertsons and CVS Pharmacy (outparcel), as well as shadow-anchored by a Walmart Supercenter. Inline tenants include a diverse mix of national and local retailers including H&R Block, UPS, SuperCuts, Allstate Insurance, Domino's and Denny's (outparcel). Both Albertsons and CVS Pharmacy (CVS) have been at the Property since its inception. Situated on Pahrump's main commercial thoroughfare, Highway 160, the Property is ideally located within the city's main retail corridor. Pahrump also referred to as the "Urban Wild West," remains one of the flourishing communities in the west, emphasizing diversification of economic growth and cultural preservations. Gaming, golf, museums, wineries, and motorsports lie at the heart of the economy, offering residents and visitors various forms of entertainment and leisure, at a more economic price point compared to that of nearby Las Vegas. The fee-simple offering presents investors with the opportunity to purchase a grocery-anchored retail center at an attractive basis while benefitting from significant and stable in-place cash flow that also provides for future upside potential through additional lease-up and renewals/extensions of existing anchor tenants. The Property is currently subject to a court-appointed receiver, who was appointed in August 2017 at the request of the predecessor of the current owner in connection with its foreclosure of the property. Due to completion of the foreclosure sale, the current owner has moved the court to release the receiver, which is expected to occur shortly.