The Village of Centennial Springs - 7541

Marketing description

The Village of Centennial Springs is a one-of-a-kind mixed-use property, located at 7541 Tule Springs Rd, including a meticulously maintained mixed-use environment featuring popular dining, boutique retail, office, and residential components that consists of 45,134 rentable square feet situated on 5.79 acres of land.

The property is located just off the US-95 and Durango interchange with traffic counts exceeding 110,000 CPD. Surrounded by an affluent and growing residential base, including the 2,000-acre Sunstone master-planned community.

This property has been labeled “The Crown Jewel of the Northwest” by local Councilwoman Nancy Brune.

Over the past five years the property has undergone many changes. Eggworks (A well known Las Vegas chain) bought land and built a new 5,200 sqft breakfast restaurant. Fore Development bought 5.62 acres adjacent to the Village and created a new 143-unit brownstone multifamily complex that is 95 percent leased and completed construction in September 2022. Pop Squires Park at The Village was donated to the City of Las Vegas and is now zoned Recreational and will never be built upon. A park that the entire community enjoys every day and frequents during local weekend farmers markets held on Norman Rockwell Ln.

Investment highlights

• Rare Lifestyle Center Opportunity in Northwest Las Vegas
  CAST is pleased to present investors with a unique opportunity to acquire a premier asset located within The Village of Centennial Springs — the only lifestyle center in the Northwest submarket of Las Vegas.

• Stabilized Income with Immediate Upside
  The ±5,708 SF property is currently 65% occupied by two established tenants, providing reliable in-place income. The remaining ±1,964 SF vacant space offers flexibility for owner-user occupancy or investor-driven lease-up, creating immediate value-add potential.

• High-Income, Family-Oriented Trade Area
  Strategically positioned in one of Las Vegas’ most desirable and affluent communities, the property is surrounded by strong residential growth, top-performing retailers, and well-trafficked retail corridors, ensuring consistent visibility and foot traffic.

• Excellent Fundamentals
  The site features ample parking, prominent frontage, and exceptional access within a thriving mixed-use environment that blends retail, dining, office, and residential uses.

• Compelling Investment Profile
  Combining steady in-place income with near-term upside potential, 7541 Tule Springs Road represents a highly attractive acquisition opportunity for investors seeking stable cash flow, value creation, and long-term appreciation in one of Las Vegas’ most dynamic submarkets.