NewMarket Commercial Real Estate Advisors is pleased to present the opportunity to acquire Montelago Village at Lake Las Vegas, an approximately 56,069 sf retail shopping and dining destination that is part of a 3,592 acre master planned community in Henderson, Nevada, one of the fastest growing cities in the US. The community is an oasis in the desert. Flowing waterfalls on one side and a lush, green golf course on the other greet visitors as they drive into the community. Beautiful homes dot the surrounding hills as they continue further in and toward the lake. Montelago Village sits lakeside, a charming Tuscan-feeling village of shops, salons, and restaurants. It also sits just a few short miles from Lake Mead National Recreation Area with its many hiking trails, beaches, fishing spots, and marinas.
The community features the gorgeous 320 acre man-made lake with all of its watersports as its centerpiece and is surrounded by Hilton Lake Las Vegas Resort and Spa and The Westin Lake Las Vegas Resort and Spa; Montelago Village; single family and multi-family residential; two championship golf courses; the Lake Las Vegas Sports Club; tennis and pickle ball courts; and numerous hiking and biking trails. With over 3,200 residences already built and seven new home communities currently under construction and others in the planning stages, Lake Las Vegas is a bustling, vibrant community that is continuing to expand. It is also surrounded by Cadence, a 2,200 acre master planned community, which will have 13,250 residences upon completion; Tuscany, a guard-gated, golf course community with most of the 2,000 homes that were planned already built; and the over 400 home custom and semi-custom home community of Calico Ridge.