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PRICE REDUCTION - 100% LEASED 8810 S Eastern Ave

4,969 SF 100% Leased Retail Building Las Vegas, NV 89123 $4,408,200 CAD ($887 CAD/SF) 6.12% Cap Rate

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Investment Highlights

100% Leased. NNN Investment. Low Maintenance.
Two tenant building, fully leased. Salon has a new 5 year lease and Hotworx has 6 years remaining on a 10 year lease.

2020/2021 construction in a great area off the Eastern Ave and the I 215 Beltway Interchange (Eastern Ave. & Pebble Rd. intersection).

Executive Summary

Prime NNN investment property. 100% Occupied . Two (2) tenants. Hotworx (a national tenant will over 600 locations) occupies +/-2,000 sf. The remaining +/- 3,000 sf has a brand new 5 year lease (plus options) with a Salon specializing in scalp and hair treatments. Hotworx has 6+/- years left on their lease . Both Tenants have options to extend and rent escalations. Building and TI's are like new. The building shell was constructed in 2020. Great location in the South Las Vegas/Henderson submarket at just off the 215 Beltway and Eastern Avenue interchange. The subject property is shadowed by a Dutch Bros which is not part of this sale. Call/Text Terry Ferraro at 702-371-2474 for more info or a tour.

Offering Memorandum

RENT ROLL

Financial Summary (Actual - 2023)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$269,611	$54.26

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual	-
Annual Per SF	-

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	-
Annual Per SF	-

Net Operating Income (CAD)
Annual	$269,611
Annual Per SF	$54.26

Property Facts

Sale Type

Investment

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Freestanding

Building Size

4,969 SF

Building Class

Year Built

2020

Price

$4,408,200 CAD

Price Per SF

$887 CAD

Cap Rate

6.12%

NOI

$269,611 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.31

Lot Size

0.37 AC

Zoning

C-2 - General Commercial, Clark County

Parking

17 Spaces (2.62 Spaces per 1,000 SF Leased)

Amenities

Tenant Controlled HVAC

Accent Lighting

Air Conditioning

MAJOR TENANTS

Retailer
2,000 SF
$4.62 CAD
Net
Dec 2030

HOTWORX is a virtually instructed exercise program created for users to experience the many benefits of infrared heat absorption, while completing a 30-minute Isometric workout or 15-minute High Intensity Interval Training (HIIT) session. As the infrared heat penetrates the body causing clients to sweat, the isometric postures further accelerate detoxification by physically removing the toxins from their organs through muscle contraction. Their patented sauna combines heat, infrared, and exercise– what they like to call “3D Training”– and makes HOTWORX a workout unlike any other fitness program available!