Multi-Tenant Retail NNN
4500 E Bonanza Rd Las Vegas, NV 89110
For Sale
$4,218,065
Stabilized 17-tenant retail and business park with extensive frontage and triple-net lease structure.
Property Size12,320 SF
Lot Size1.09 Acres
Price / SF$342.38
Days on Market30
Property Features for 4500 E Bonanza Rd
General Information
- Standard status
- Active
- Size
- 12,320 SF
- Lot size
- 1.09 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1997
Listing Agency:
Marcus & Millichap - Las Vegas
(702) 215-7120
Listed By:
Dustin R. Alvino · License #License(s): NV: BS.0143692, NJ: 2294556
(702) 215-7120
Source:
Marcusmillichap
Added: Jun 28
Changed: Jul 10
Last Checked: Jul 27 at 2:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Las Vegas
Investment Insights
Based on property information with market context.
Bonanza Lamb Business Park is a stabilized, multi-tenant retail and business park totaling 12,320 square feet, occupied by 17 tenants operating under predominantly triple-net lease structures. The property is described as having many tenants that recently executed new lease agreements, supporting long-term occupancy and near-term cash flow stability. The asset sits on approximately 1.09 acres and provides substantial visibility for day-to-day commercial activity.
The property is located along East Bonanza Road, identified as a primary commercial corridor serving the eastern Las Vegas Valley. With 621 feet of frontage and exposure to more than 26,700 vehicles per day, the site benefits from strong access and visibility. Convenient access to Interstate 95 is also noted in the offering materials.
For investors seeking an income-focused retail asset, this park offers in-place diversification across 17 tenants within a single multi-tenant configuration. The emphasis on predominantly triple-net lease structures and the presence of recent lease activity are positioned as key considerations for buyers evaluating stabilized operations and tenant mix within a heavily trafficked corridor.
The property is located along East Bonanza Road, identified as a primary commercial corridor serving the eastern Las Vegas Valley. With 621 feet of frontage and exposure to more than 26,700 vehicles per day, the site benefits from strong access and visibility. Convenient access to Interstate 95 is also noted in the offering materials.
For investors seeking an income-focused retail asset, this park offers in-place diversification across 17 tenants within a single multi-tenant configuration. The emphasis on predominantly triple-net lease structures and the presence of recent lease activity are positioned as key considerations for buyers evaluating stabilized operations and tenant mix within a heavily trafficked corridor.
Key Highlights
- 12,320 SF retail and business park built in 1997, occupied by 17 tenants.
- Predominantly triple‑net lease structure with tenants operating under NNN‑style arrangements.
- Approximately 1.09 acres with 621 ft of frontage along East Bonanza Road.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $273.5k | $22.20 |
| − Vacancy | −$23.2k | −$1.89 |
| EGI | $250.3k | $20.31 |
| − OpEx | −$75.1k | −$6.09 |
| NOI | $175.2k | $14.22 |
12,320 SF · lease $22.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.50M
$2.19M – $2.92M
NOI $175,179 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.05M
$3.55M – $4.73M
NOI $283,616 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Express Insurance
Insurance Agency
Cristina's Professional Services
Travel Agency
A Igreja de Jesus ...
Church
SOMEBODY'S SUNSHINE INC.
Charitable Organization
Exotic Eyebrows Threading ...
Hair Salon
FAQs
What type of property is this?
Strip mall - Stabilized 17-tenant retail and business park with extensive frontage and triple-net lease structure.
Where is this strip mall located?
The property is located at 4500 E Bonanza Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $4,218,065.
What are key features of this property?
This property features: 12,320 SF retail and business park built in 1997, occupied by 17 tenants.; Predominantly triple‑net lease structure with tenants operating under NNN‑style arrangements.; Approximately 1.09 acres with 621 ft of frontage along East Bonanza Road.
