8810 Eastern AveLas Vegas, NV 89123

For Sale
$3,200,000

5,000 SF, 2-Tenant Storefront, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A, 5,000-square-foot retail storefront in Las Vegas, Nevada presents a compelling investment opportunity. Located at 8810 S. Eastern Ave., this 100% occupied property boasts a strong tenant lineup featuring a Hotworx franchise and a specialty scalp treatment salon. Built in 2020 and renovated in 2021, the building is in like-new condition, minimizing maintenance needs. The property features a 10-year lease (commencing December 2, 2020, and expiring December 2, 2030) with a current Net Operating Income (NOI) of $189,600, yielding a 5.92% cap rate. Both tenants are on NNN leases, providing a passive income stream. The Hotworx lease has six years remaining, while the salon lease has a slightly shorter term with options to extend. The property sits on a 0.37-acre lot and offers ample parking (13 spaces per 1,000 sq ft). Situated in a prime location in the South Las Vegas/Henderson submarket, near the 215 Beltway and Eastern Avenue, this property benefits from high visibility and convenient access. The asking price is $3,200,000, translating to $640 per square foot. The property's strong tenant mix, favorable lease terms, and excellent location make it an ideal addition to any investment portfolio. The permitted zoning is Commercial General. The property features rent escalations built into the leases.

Highlights

  • 5,000 SF Class A retail building in Las Vegas, NV, fully leased.
  • Located at 8810 S. Eastern Ave., near the 215 Beltway, offering high visibility and accessibility.
  • Built in 2020, renovated in 2021, in like-new condition with minimal maintenance needs.
  • Tenants include Hotworx (national franchise) and a specialty scalp treatment salon, both on NNN leases with rent escalations.
  • Strong NOI of $189,600, 5.92% cap rate, asking price $3,200,000 ($640/SF). Hotworx lease has six+ years remaining; salon lease has five years with options.
  • 0.37-acre lot with ample parking (13 spaces per 1,000 sq ft), Commercial General zoning.

Property Details for 8810 Eastern Ave

Property type
Other retail properties, Individual retail properties
Square Feet
5,000 SF
Class
A
Year Built/Renovated
2020/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
16,117 SF
Units
2

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.0293222
Longitude
-115.117719
8810 Eastern Ave, Las Vegas, Nevada

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8810 Eastern Ave
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