Bonanza Lamb Business Park
Retail | 6.75% CAP | 12,320 SqFt
Marketing description
Bonanza Lamb Business Park presents the opportunity to acquire a stabilized, multi-tenant retail and business park investment located along East Bonanza Road, one of the primary commercial corridors serving the eastern Las Vegas Valley. The 12,320-square-foot property is occupied by 17 tenants operating under predominantly triple-net lease structures, providing investors with a diversified and durable income stream. Many tenants have recently executed new lease agreements, demonstrating long-term commitment to the property while providing near-term cash flow stability.
Positioned on approximately 1.09 acres with 621 feet of frontage and exposure to more than 26,700 vehicles per day, the asset benefits from exceptional visibility, convenient access to Interstate 95, and strong surrounding retail synergy from numerous national and regional retailers. Offered at a 6.75% capitalization rate, Bonanza Lamb Business Park provides investors with stable in-place income, tenant diversification, and the opportunity to benefit from the continued growth, investment, and favorable economic fundamentals that have made Las Vegas one of the nation's most sought-after commercial real estate markets.
Investment highlights
- Proven Tenant Retention and Long-Term Occupancy History: Many tenants have successfully operated at Bonanza Lamb Business Park for years and have recently executed new lease agreements, demonstrating the property's ability to retain tenants and generate consistent cash flow through multiple leasing cycles
- 17-Tenant Diversified Rent Roll: The property features 17 tenants across 12,320 square feet, creating a diversified revenue stream that reduces dependence on any single occupant and provides greater income stability than traditional single-tenant investments
- Internet-Resistant Tenant Mix: The majority of tenants provide service-oriented and experiential offerings that are less susceptible to e-commerce disruption, supporting long-term occupancy and income stability.
- Majority of Tenants Recently Executed New Lease Terms: The majority of the rent roll has recently renewed or extended their occupancy, providing investors with immediate income security while reaffirming the property's relevance within the marketplace
- Attractive Cap Rate - Predominantly Triple-Net Leases: Investors benefit from strong in-place cash flow supported by a predominantly triple-net lease structure, helping minimize landlord expense exposure and management responsibilities
- 621 Feet of Frontage Along Bonanza Road + 26,735 Vehicles Per Day: The property enjoys exceptional visibility along one of the primary east-west transportation corridors serving the eastern Las Vegas Valley, providing significant exposure to passing traffic and enhancing long-term tenant demand
- Strategic Location Just 1.5 Miles from Interstate 95: Convenient regional connectivity allows tenants to efficiently serve customers throughout the Las Vegas Valley while benefiting from both local and commuter traffic patterns
- Surrounded by Established National Retailers: Nearby retailers include Walgreens, CVS Pharmacy, Panda Express, Popeyes, Domino's, ARCO, and Circle K, creating strong retail synergy and reinforcing the strength of the surrounding trade area
- Benefiting from Continued Commercial Investment Along the Corridor: Recent retail development and ongoing investment activity within the immediate area demonstrate continued confidence in the long-term growth and stability of the Bonanza corridor
- Dense Infill Trade Area: The property serves a daytime population of more than 146,601 people within a three-mile radius and benefits from over 10,166 households within one mile, supporting long-term occupancy and tenant success
- Positioned for Long-Term Appreciation in Las Vegas: Las Vegas continues to experience population growth, business expansion, and capital investment, supporting favorable long-term fundamentals for commercial real estate ownership
- Located in a Tax-Advantaged State: Nevada's lack of state income tax and business-friendly environment continue to attract residents, employers, and investment capital from across the country
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