St. Rose Square
A retail property in Henderson, Nevada. Securitized in 1 CMBS deal in 2025.
$95.0MAppraised value (latest deal)
100.0%Occupancy
$5.7MUnderwritten NOI
6.0%Implied cap rate
- Address
- 3431-3591 St. Rose Parkway, Henderson, NV 89052
- Property type
- Retail · Anchored
- Year built
- 2019-2022, 2024
- Size
- 279,613 SF
- Sponsor
- Joseph A. Kennedy and Shearing Family Trust, U/T/D February 10, 1995
- Loan purpose
- Refinance
- Largest tenant
- Hobby Lobby
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2025-BNK49 | 2025-03-17 | $95.0M | 100.0% | $5.7M | 6.0% | $59.0M | 62.1% | 1.31x | 424B |
Historical NOI reported in BANK 2025-BNK49
| Period ending | NOI |
|---|---|
| 9/30/2024 | $4.2M |
| 12/31/2023 | $3.8M |
| 12/31/2022 | $2.8M |
More CMBS properties in Nevada →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.