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9600 South Eastern Avenue, Henderson, NV 89052
Established retail center with restaurant, paint, nutrition, and café businesses at a signalized intersection.
Property Size17,702 SF
Lot Size3.03 Acres
Price / SF$621.34
Days on Market10
Property Features for 9600 South Eastern Avenue
General Information
Standard status
Active
Size
17,702 SF
Class
A
Lot size
3.03 Acres
Property subtype
Retail
Zoning
Henderson - Community Commercial (CC)
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$650,777
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Red Robin Gourmet Burgers and Brews, Dunn-Edwards Paints, Vegas Discount Nutrition, Café 86
Traffic Count
51,600 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2006
Buildings
3
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Colliers - Las Vegas, Nevada
(702) 873-4500
Listed By:
David Grant · License #NV BS 21567
Source:
Crexi
Added: Jul 31
Changed: Aug 9
Last Checked: Aug 9 at 10:01AM
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 Colliers - Las Vegas, Nevada
Investment Insights
Based on property information with market context.
Eastern Retail Center is a 17,702-square-foot shopping center completed in 2006 on 3.03 acres. The property includes Red Robin Gourmet Burgers and Brews, Dunn-Edwards Paints, Vegas Discount Nutrition, and Café 86, creating a mix of restaurant and retail occupancy. It is zoned Henderson - Community Commercial (CC).
The center occupies the northeast corner of S. Eastern Avenue and E. Silverado Ranch Boulevard (Presque Isle St.) in Henderson, Nevada, less than ¾ of a mile south of the S. Eastern Avenue & 215 Beltway Interchange. The signalized intersection fronts a reported 51,600 cars daily. The surrounding trade area includes Walmart, Sam’s Club, Home Depot, Target, Walgreens, Lowe’s, HomeGoods, Ross Dress for Less, Petco, Michaels, and other national retailers, along with numerous restaurant operators.
The center occupies the northeast corner of S. Eastern Avenue and E. Silverado Ranch Boulevard (Presque Isle St.) in Henderson, Nevada, less than ¾ of a mile south of the S. Eastern Avenue & 215 Beltway Interchange. The signalized intersection fronts a reported 51,600 cars daily. The surrounding trade area includes Walmart, Sam’s Club, Home Depot, Target, Walgreens, Lowe’s, HomeGoods, Ross Dress for Less, Petco, Michaels, and other national retailers, along with numerous restaurant operators.
Key Highlights
- 17,702‑square‑foot shopping center on 3.03 acres
- Completed in 2006
- Current businesses include Red Robin, Dunn‑Edwards Paints, Vegas Discount Nutrition, and Café 86
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$405,139
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,102,780
$8.1M
Cap Rate 7%
$5,787,700
$5.8M
Cap Rate 9%
$4,501,544
$4.5M
Market Conditions
NOI Build-Up for 17,702 SF
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.
Gross rent
$605.4K $34.20/SF
− Vacancy
−$26.6K −$1.50/SF
EGI
$578.8K $32.70/SF
− OpEx
−$173.6K −$9.81/SF
NOI
$405.1K $22.89/SF
Area
ZIP 89052
Vacancy
4.40%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,102,780
Cap Rate 7%
$5,787,700
Cap Rate 9%
$4,501,544
Alternative Uses
Best Use
Retail
$5.79M
$5.06M – $6.75M
NOI $405,139 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.20M
$5.43M – $7.23M
NOI $434,078 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
51,600 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,664
Businesses Nearby
368k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 14%
Apparel 9%
Office Supplies 2%
Chick-fil-A
Dining
53,590 visits/mo
0.4 miles
In-N-Out Burger
Dining
41,030 visits/mo
0.4 miles
BJ's Restaurant and Brewhouse
Dining
28,281 visits/mo
0.1 miles
Goodwill
Apparel
23,257 visits/mo
0.4 miles
Krispy Kreme Doughnuts
Dining
18,702 visits/mo
0.2 miles
Demographics for 89052, NV
59,987
Population
26,456
Households
2.3
Avg Household Size
46
Median Age
47%
College-Educated
96%
High-School Grad
16.3 sq mi
ZIP Area
3,680
Density / Sq Mi
$98,462
Median Household Income
$57,772
Median Earnings
$1,938
Median Rent
$595,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Silverado Ranch Plaza — 9731 S Eastern Ave #A9, Las Vegas, NV 89183
- Silverado Park Place — 9530-9570 S Eastern Ave, Las Vegas, NV 89123
- Eastern Market Place — S Eastern Ave, Henderson, NV 89052
- EASTERN CROSSING — Las Vegas, NV 89183
- Stonehill marketplace — 10075 S Eastern Ave, Henderson, NV 89052
Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with restaurant, paint, nutrition, and café businesses at a signalized intersection.
Where is this shopping center located?
The property is located at 9600 South Eastern Avenue Henderson, NV.
What is the asking price?
The asking price for this property is $10,999,000.
What are key features of this property?
This property features: 17,702‑square‑foot shopping center on 3.03 acres; Completed in 2006; Current businesses include Red Robin, Dunn‑Edwards Paints, Vegas Discount Nutrition, and Café 86
