8810 Eastern Ave, Las Vegas, NV 89123-4822
- Strip malls
- 4,969 SF
- 0.37 lot acres
Current Use by Public Records
- ColorCounter Las Vegas / Hair Salon
- HOTWORX - Las Vegas, NV (215 & Eastern) / Gym & Fitness Center
Property Details for 8810 Eastern Ave
- Year built
- 2020
- Construction
- FRAME
- Lot size
- 0.37 lot acres
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 177-13-423-030
- APU
- 17713423030
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 8, 2025 | $3,000,000 | Mignano Pham LLC | Aldibs Night View LLC | Bargain & Sale Deed | $1.4M · Genubank |
| Jul 10, 2024 | — | Regal I LLC | Regal I LLC | Intrafamily Transfer · related | — |
| May 30, 2024 | — | Regal I LLC | Regal I LLC | Re-recorded Document · related | — |
| May 7, 2024 | — | Regal I LLC | Regal I LLC | Re-recorded Document · related | — |
| Apr 23, 2024 | — | Regal I LLC | Regal I LLC | Intrafamily Transfer · related | — |
| Feb 7, 2022 | $2,000,000 | Aldibs Night View LLC | Eastern And Pebble LLC | Bargain And Sale Deed | $2.6M · Keypoint Cu |
| May 15, 2020 | $2,850,000 | Eastern & Pebble LLC | On Ep LLC | Grant Deed | $1.5M · On Ep LLC |
Description
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.
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Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.118
- Latitude
- 36.0292
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
