SRS Real Estate Partners has completed the $13.065 million sale-leaseback of a single-tenant, 33,764-square-foot building at 160 N. Stephanie Street in Henderson. Built in 2001, the property is undergoing renovations for Green Valley Grocery’s corporate headquarters. The first Green Valley Grocery opened in 1978 and has grown to 80 locations with projected growth to 100 locations by 2025.
Chuck Klein of SRS Capital Markets represented the seller. Brian Riffel of Colliers International represented the buyer, a California-based private investor in a 1031 exchange.
Nevada provides businesses with advantages that include zero personal and corporate income tax, low property taxes, and an overall low cost of doing business.