Listed by LOGIC Commercial Real Estate, Logic Commercial Estate
$8,860,000
Eastern Canyon Plaza
Details
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 11,780
Units 4
NOI $566,554
Tenancy Multi
Year Built 2005
Zoning CM/GC
Investment Type Stabilized
Ground Lease No
Retail | 11,780 SqFt
Marketing description
Eastern Canyon Plaza presents a compelling retail investment opportunity at one of the most prominent areas in the Las Vegas Valley. Anchored at the signalized intersection of Wigwam and Eastern Avenues, this established retail center sits within a thriving retail corridor serving a robust trade area of over 346,936 residents. The property benefits from exceptional freeway proximity and strong daily traffic volumes, offering the next owner immediate income with upside potential through the lease-up of a single vacant suite.
- Long-term established tenancy: Current tenants include Village Pub, Check City, and Fuzzy Dice, providing stable in-place income.
- Strategic corner location: Positioned at Wigwam and Eastern Avenues in a mature suburban area with strong co-tenancy.
- Freeway access: Convenient ingress/egress with direct access to the CC-215 (± 142K CPD) freeway serving regional traffic.
- Value-add upside: NOI includes a 6-month rent holdback for the vacant Suite 103 (± 1,248 SF), offering near-term lease-up opportunity.
- Exceptional visibility: High-profile positioning drives ± 27,500 CPD directly past the center's frontage on Eastern Avenue.
Investment highlights
Prime Location & Access
- Positioned at the signalized corner of Wigwam and Eastern Avenues, one of the more prominent intersections in the Las Vegas Valley
- Direct ingress/egress to the CC-215 freeway, which carries roughly 142,000 vehicles per day
- Frontage along Eastern Avenue sees an estimated 27,500 vehicles per day, giving the center strong visibility
Deep, Established Trade Area
- Serves a trade area with a population exceeding 346,936 residents
- Located in a mature, established suburban submarket with strong surrounding co-tenancy
Stable, In-Place Income
- Long-term tenant roster including Village Pub, Check City, and Fuzzy Dice
- Provides a durable income base for a new owner from day one
Clear Value-Add Opportunity
- One vacant suite (Suite 103, ± 1,248 SF) offers near-term lease-up upside
- A 6-month rent holdback is built into NOI, meaning the buyer benefits from immediate income while still capturing future upside once the suite is leased
Overall Investment Thesis
- Combines stabilized cash flow with a clear, low-risk path to increased returns — appealing to investors seeking both current income and upside potential in a single asset
Listing Contacts
Listed by LOGIC Commercial Real Estate, Logic Commercial Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$566,554.00
$47,212.83/mo
Valuation Metrics
0
DSCR
6.39%
Cap Rate
6.39%
ROI
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