8605 S Eastern Ave - Office/Residential FOR SALE


Las Vegas, NV 89123- South Las Vegas
$3,175,000 USD
702-215-7120
8605 S Eastern Ave, Las Vegas, NV for Sale
$3,175,000 USD
Office/Residential - FOR SALE
1/20
null | 6.01% Cap Rate

8605 S Eastern Ave
Las Vegas, NV 89123
South Las Vegas


HIGHLIGHTS

  • Long-Term Stability | 9 years remaining on a long-term Triple Net (NNN) lease with The Dispensary — no landlord responsibilities.
  • Built-In Income Growth | Lease includes 3% annual increases, delivering steady income growth and a natural hedge against inflation.
  • Institutional-Grade Operator | Operated by Ayr Wellness Inc., a top-tier, publicly traded multi-state cannabis operator (CSE: AYR.A | OTC: AYRWF).
  • National Scale & Integration | Ayr operates 99 retail locations across 8 U.S. states, supported by fully integrated cultivation and production.
  • Recession-Resilient Business Model | Ayr’s Nevada footprint includes six licensed dispensaries and two cultivation/production facilities in Las Vega
  • Strong Tenant Commitment | Located in a medical office building with long-term intrinsic value. The tenant extended their lease by 12 years, assumed

OVERVIEW

This offering presents a compelling opportunity to acquire a stable, cash-flowing asset leased to The Dispensary, a leading cannabis operator backed by Ayr Wellness Inc., a top-tier, publicly traded multi-state operator with a national footprint. The property is secured by a 9-year triple net lease featuring 3% annual rent increases, offering investors passive income with built-in inflation protection. Located in the Henderson submarket of Las Vegas, the property benefits from prime frontage along S Eastern Avenue, with visibility to 31,000 vehicles per day and immediate proximity to I-215. The tenant’s long-term commitment is evidenced by a 12-year lease extension, full building occupancy, and $1.6 million in capital improvements. Ayr Wellness operates a fully integrated platform in Nevada — including six dispensaries and multiple cultivation/production facilities — delivering operational scale and supply chain control. Combined with Nevada’s tax-friendly environment, record-setting tourism, and robust job growth, this investment offers a resilient income stream in one of the nation’s most dynamic cannabis markets.

FOR SALE DETAILS

PRICE

$3,175,000 USD

PRICE/SF

$528 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Dispensary | 9 Yrs | 3% Annual Increases

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Convenience Store, Fast Food, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

Commercial General (CG)

APN/PARCEL ID

177-14-710-014

ASK ABOUT THIS PROPERTY

Dustin AlvinoMarcus & MillichapMore Info
702-215-7120

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Dustin AlvinoMarcus & MillichapMore Info
702-215-7120

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.