Western Real Estate Business

OCT 2018

Western Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in the Western United States.

Issue link: https://westernrealestatebusiness.epubxp.com/i/1037966

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Page 36 of 56

For businesses looking to relocate, expand or start fresh, finding property in a location that makes business sense can be a tall order. Affordable land is oftentimes limited to remote reaches of the country, far from interstate, ports or other vital infrastructure. When these amenities are available, businesses frequently have to grapple with a seemingly insurmountable cacophony of taxes, restrictions and red tape, giving even the most seasoned companies second thoughts about moving elsewhere. Although it may sound too good to be true, a place does exist where business and people thrive, where local government makes it easy for companies and their employees to get to work. In the desert of Southern Nevada lies Henderson, a business oasis that is steadily becoming an economic force to reckon with. Located just 15 minutes from Las Vegas, Henderson forms the southern edge of the Las Vegas Valley, covering over 100 square miles between Lake Las Vegas to the east and Interstate 15 to the west. According to the US Census Bureau, roughly 42% of Henderson residents are between the ages of 25 and 54 and nearly 15% of new residents arrive to the area with polished professional, management or technical skills. When it comes to a balance between age and experience of its local workforce, Henderson, Nevada is hard to beat. Now topping 310,000 people in a metro area of 2.1 million, Henderson is an ideal location for your next retail expansion. With almost 900,000 square feet of planned retail space, Henderson garners approximately one third of future retail business development for the entire region. The opening of a second Costco-anchored shopping center this November is evidence that Henderson is a hot market. With more than 55,000 households within a ten-minute drive of this location, it will be an epicenter of activity for the new and explosive growth that characterizes West Henderson. With the Raiders corporate headquarters and training facility located just around the corner, this will become a unique commercial node surrounded by four major master- planned communities. West Henderson is also an emerging industrial hotspot. Spanning more than 600 acres between Henderson Executive Airport and the I-15 corridor, West Henderson boasts an 8-hour turnaround to and from Los Angeles ports. This advantage offers businesses like Turano Baking Company, producer of artisan-style breads, easy access to its Southern California customers. Grocery giant Smith's will start shipping products to stores throughout Nevada, New Mexico, Arizona and Utah from its new 482,000 square-foot distribution center by year's end. While Henderson makes it easy for a number of industries to flourish, its incentives are especially attractive for both retailers and developers. Henderson was rated as a Very Low Cost City in the 2016-2017 Kosmont-Rose Cost of Doing Business Survey, which analyzes six types of taxes including business license levies, property tax, sales tax and utility use taxes for more than 300 cities nationwide. However, having the lowest city property tax rate in Nevada and no state income tax whatsoever are just the tip of the iceberg. Henderson's list of business advantages include proximity to five major markets, key interstates, shipping ports and expansive air service, which gives retailers the ability to ship and receive goods quickly and easily. Shipping out of Henderson is also cost effective. Pre-existing shipping contracts in and out of Las Vegas means that Henderson businesses can save money by transporting their products on empty trucks returning to their destinations. Developers are also directly benefited by Henderson's Development Services Center, powered by a team from seven city departments which help fast- track the planning, reviewing, inspection and permitting phases of new developments. Beyond assisting with permits, the DSC carries out street naming and addressing, reviews maps and conducts Certificate of Occupancy inspections. Developers can rest assured that the City of Henderson has their back when it comes to simplifying what can oftentimes be an immensely complicated process. Although Henderson is clearly an ideal place to do business, it's an equally great place to raise a family, enjoy an active lifestyle and indulge in culture and the arts. Voted the 2nd Safest City in the Country by Forbes magazine, Henderson has endeavored to make the quality of life in the city a top priority, which is echoed in its investment in education, master-planned communities, lifestyle amenities, parksand facilities. H E N D E R S O N , N E V A D A : B R I N G I N G N E W B U S I N E S S T O A F A M I L I A R P L A C E Smith's will open its new 482,000 square-foot distribution center by year's end. A second Costco-anchored shopping center will open this November in Henderson. Thanks to its bountiful and diverse available prop- erties, business incentives and accommodating local government, Henderson makes the transi- tion to the Las Vegas Valley seamless for compa- nies of all sizes and industries. When coupled with its proximity to an international airport, freeways, major ports and markets, Henderson's location allows those companies to thrive. For more information about why your business and family should call Henderson home, visit HENDERSONNOW.COM

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