Wagon Wheel Henderson
WAGON WHEEL HENDERSON
Executive Summary
The Wagon Wheel Henderson Project is a 17.6-acre property located at the first stop in Henderson heading into the Las Vegas metro area, offering excellent visibility to freeway traffic and convenient access via local roads. Positioned to serve both travelers and the nearby upper-middle-class community, this project fills the need for high-quality amenities in the area.
Our vision is a hybrid development that provides an experience to both locals and tourists. One side will feature a gas station with a full-service convenience store and EV charging stations. The other side will host gourmet food trucks, retail / offices on trailers, and a luxury barn or warehouse-style building with a gift shop, bar serving beer and wine, indoor seating, and entertainment options like large TVs and pool tables.
Next to this, we’ll provide family-friendly amenities, including a misting mini-golf course, a park with splash pads and playgrounds for kids, and a covered dog park.
The Wagon Wheel Henderson Project will be a premier destination for families to rest and recharge, while offering locals a vibrant spot to enjoy leisure activities and community events. Lasting memories will be cherished from visiting this development.
Investment Offer
Legal Structure
50/50 Joint Venture on Land Acquisition & Entitlements
Reduced down to pro-rata ownership in remaining project.
Equity Raise
Estimated $5M
Investment Hold
Approximately 6-9 Months
Land Investment
Land Acquisition + Entitlements from the City of Henderson
A modern, clean, and safe rest stop that combines the playful energy of Las Vegas with the welcoming charm of Henderson, transforming Arizona’s gateway into a vibrant destination.
Eat, Rest, Play, Recharge
Featuring gas and EV charging stations, gourmet food trucks, retail / office space on trailers, a park with a
playground and splash pads for kids, and plenty of space to unwind. I’s the ultimate family-friendly stop for locals
and travelers on the road in or out of Las Vegas to refresh, relax, and enjoy a bit of Vegas-inspired fun.
Investment Offer
At The Wagon Wheel Henderson Project, our vision is to revolutionize the concept of a rest stop by integrating modern convenience, entertainment, and comfort into a dynamic, family-friendly destination. We combine the charm of Henderson with the excitement of Las Vegas to create a fun, vibrant experience for everyone passing through or living nearby.
Luxury Food Truck & Retail Selections
Gas & EV Charging Stations
Modern Warehouse-Style Multi-Purpose Building
Family-Friendly Amenities
Our vision is to create a welcoming, exciting space that serves as more than just a pit stop—it's a destination where you can Eat, Rest, Play, and Recharge. Whether you’re on the road in or out of Las Vegas or a local looking for a fun, convenient spot to relax, The Wagon Wheel Henderson Project will be a place you’ll want to visit again and again.
Why Invest in Henderson?
The Property
The Henderson Wagon Wheel parcel, centrally located at the intersection of major interstates and state routes entering Las Vegas from the southeast, is a prime location for development
With an annual vehicle traffic of 37.5 million, especially on Wagon Wheel Drive alone with 5.8 million vehicles, capturing business from drivers is crucial for success.
The City
Henderson, in Clark County, is about 16 miles from Las Vegas. Despite having 5.6% of its population living below the poverty line, it boasts the 7th highest per-capita income in the country, making it an affluent demographic. Henderson has twice been ranked as one of the safest cities in the country and was named one of the best cities in America by Bloomberg Businessweek.
The City of Henderson, with nearly 3,000 employees, is the top employer. People from high-income states like New York and California move to Las Vegas for safety and affluent areas with like-minded individuals.
Restaurants in 3 Mile Radius
9 Restaurants in total
5 $ Pricing Range
4 $$ Pricing Range
Office Space for Lease
Closest small office space to lease is 4 miles northwest off I-11 & E. Horizon Drive for 1,193 square feet.
Restaurants in 3 Mile Radius
~34,136 People in the Area
51.4% Upper Class
34.2% Middle Class
14.4% Moderate Class
Southbound EV Charging
The next EV charging station in the southbound direction is 3.5 miles away, and it’s only a Tesla charging station. The next one southbound is 80 miles away. The next one northbound is 2.4 miles away.
Southbound Gas Stations
The next gas station in the southbound direction is 4.3 miles away. The next gas station after that is 42 miles away at Searchlight.
Population & Growth
Henderson’s annual growth rate is 2.64%, and its population has increased by 9.52% since the 2020 census. The average household income is $116,750, with a poverty rate of 8.14%. This consistent growth makes Henderson attractive, especially with upcoming developments in the Railroad Pass area. Las Vegas has limited expansion options, with only North and South outside the city limits.
Local Active Developments
Southwest Activity
High density townhouse housing for Nevada State University is developed by Lennar at the Presley.
Northwest Activity
Continued residential housing is developed by Lennar at Black Mountain Ranch with 3,000 homes. Also continued commercial developments are happening.
Boulder Highway Upgrade
The proposed design and construction concept aims to transform the 7.5-mile segment of Boulder Highway between Tulip Falls and Wagon Wheel Drive into a complete streets design and slow traffic speeds.
Railroad Pass Activity
Railroad Pass is slated to be next largest warehouse complex (should equal 40% of all the warehouse space currently in Henderson likely Amazon) with 2 truck stations / stops being added to the area.
Investment Opportunity
We are seeking a joint venture partner for the acquisition and development of the property. Here's a breakdown of the financials:
Southwest Activity
Estimated at $200,000 per acre, totaling $3,520,000
Appraised Value (As-Is)
$448,864 per acre, with a total appraised value of $7,900,000 (BBG Appraisal, June 2023), providing $4,380,000 in built-in equity at the time of purchase.
Cost to Entitle
Estimated at $1,000,000 for entitling the land.
Projected Value of Entitled Land:
Estimated at $1,000,000 for entitling the land.
This project offers significant built-in equity, an excellent location, and a well-defined development plan. We invite potential partners to join us in this joint venture to capitalize on the strong growth potential and favorable market conditions.
Thank you
MAGNOLIA RIDGE
CAPITAL LLC
1005 Terminal Way
Ste 270
Reno, NV 89502
Quick Links
Austin Condo
Hyvecity
IEG
About
Our Story
FAQ
Past Projects
Investors
Follow us
