9600 S Eastern Ave - Restaurant FOR SALE


Las Vegas, NV 89123- Silverado Ranch
$10,999,000 USD
702-836-3785
9600 S Eastern Ave, Las Vegas, NV for Sale
$10,999,000 USD
Restaurant - FOR SALE
1/5
null | 5.92% Cap Rate

9600 S Eastern Ave
Las Vegas, NV 89123
Silverado Ranch


HIGHLIGHTS

  • High quality legacy pride of ownership strip center | Destination based retailers provide steady traffic to center.
  • Retailers with different traffic patterns create a steady flow of traffic to center | Stable asset with 100% occupancy.
  • Approximately 78% of the occupied square footage is leased to national tenants.
  • The national tenants comprise over 75% of the net operating income.
  • Seasoned tenants occupy 94% of the GLA since the shopping center was constructed.
  • Varied lease rollover with leases expiring in 2027, 2033, and 2036.

OVERVIEW

Colliers Las Vegas is pleased to present the opportunity to acquire the Eastern Retail Center, including Red Robin Gourmet Burgers and Brews, Dunn-Edwards Paints, Vegas Discount Nutrition, and Café 86.? This premier 17,702 square foot destination retail center is situated on 3.03 acres and is located on the highly traveled S.? Eastern Avenue, in a well-established mature neighborhood of Henderson, Nevada.? Strategically located at the northeast corner of S.? Eastern Avenue and E.? Silverado Ranch Boulevard (Presque Isle St.?), less than ¾ of a mile south of the S.? Eastern Avenue & 215 Beltway Interchange, the property has more than 51,600 cars traveling in front of the property daily.? Located at the signalized intersection, the Eastern Retail Center is joined by several other national retailers along S.? Eastern Avenue in the immediate trade area including Walmart, Sam’s Club, Home Depot, Old Navy, Ross Dress for Less, Petco, Grocery Outlet, Chuck E.? Cheese, Walgreens, Target, Five Below, Nike, Petsmart, Michaels, Dollar Tree, Lowe’s, and HomeGoods.? Restaurants include Burger King, Costa Vida, In N Out Burger, Chipotle, WingStop, Denny’s, Carl’s Jr.?, Grimaldi’s, Café Rio, Zippy’s, Krispy Kreme, Freddy’s Frozen Custard & Steakburgers, McDonald’s, and Chili’s.?

FOR SALE DETAILS

PRICE

$10,999,000 USD

PRICE/SF

$2,017 USD /SF

CAP RATE

5.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

EASTERN RETAIL CENTER (RED ROBIN | DUNN-EDWAR

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

CROSS STREETS

Hardin Dr.

LAND ACRES

1.09 AC

LAND SF

47,498 SF

ZONING

Henderson CC

APN/PARCEL ID

177-24-401-009

ASK ABOUT THIS PROPERTY

David GrantColliersMore Info
702-836-3785

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David GrantColliersMore Info
702-836-3785

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