HENDERSON
THE WAGON WHEEL HENDERSON PROJECT IS PLANNED TO OFFER LUXURY FOOD SOLUTIONS WITH NEEDED AMENITIES MISSING IN THE AREA TO MATCH THE POPULATION GROWTH IN THE AREA. WE ENVISION A HYBRID PROPERTY WITH SOLUTIONS FOR THE PUBLIC AND RV, OFFICE AND STORAGE SOLUTIONS THAT ARE SIMPLY NONEXISTENT IN THE AREA.
THIS PRIME LOCATION IS THE FIRST STOP HEADING INTO THE LAS VEGAS METRO AREA AND HAS GREAT
VISIBILITY TO FREEWAY TRAFFIC AS WELL AS ACCESSIBILITY BY LOCAL ROADS.
50/50 Joint Venture on land acquisition.
Reduced down to 7.5% ownership in remaining full project.
$6M
15%
3-6 Months
Money for Acquisition
The Henderson Wagon Wheel parcel is a gateway property situated at the heart of all major interstates and state routes entering Las Vegas from the south east side of town. The 37.5M vehicles passing a year by makes this parcel a gold mine for development. Wagon Wheel Drive alone sees 5.8M vehicles annually. The ability to capture business from drivers is absolutely critical to the success of the development.
Henderson is located in Clark County and is approximately 16 miles away from Las Vegas. About 5.6% of the population lives under the federal poverty line and also has the 7th highest per-capita income in the country making this quite an affluent demographic. Henderson has twice been ranked as one of the safest cities in the country, and it was also named one of the best cities in America by Bloomberg Businessweek. The top employer is the City of Henderson, which has almost 3,000 employees. People moving from high income states like New York and California seek safety in Las Vegas as well affluent areas with like minded people.
Henderson is currently growing at a rate of 2.64% annually and its population has increased by 9.52% since the most recent census, which recorded a population of 319,039 in 2020. The average household income in Henderson is $116,750 with a poverty rate of 8.14%. This consistent growth makes the area very attractive particularly given the upcoming large developments happening south of the location in the Railroad Pass area. There is no where to expand in Las Vegas except North or South out of the city limits.
About 37.5M vehicles pass by a year:
23.5M on I-11
5.8M on Wagon Wheel Dr
4.5M on SR 582
3.7M on NV State Street
Next gas station in southbound direction is 4.3 miles
The next one after is 42 miles at Searchlight
Next EV charging station in southbound direction is 3.5 miles - Tesla charging only
The next one southbound is 80 miles
Northbound direction is 2.4 miles
There’s ~34,136 people in the area:
51.4% upper class
34.2% middle class
14.4% moderate class
RV & Boat rates up 15.6% in the last 3 months with 1 new facility with is 16.65 square feet/capita supply
Self Storage rates are down 11.4% in last 3 months with 16.27 square feet/capita supply
Closest non-mobile RV repair is 8.4 miles north. All others are mobile repairs without service bays.
Closest small office space to lease is 4 miles northwest off I-11 & E. Horizon Drive for 1,193 square feet.
10 are located in this area:
6 $ pricing range
4 $ pricing range
High density townhouse housing for Nevada State University is developed by Lennar at the Presley
Continued residential housing is developed by Lennar at Black Mountain Ranch with 3,000 homes. Also continued commercial developments are happening.
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 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
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