Bonanza Lamb Business Park
- $4,218,065
Property 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
Property Documents
OM - 4500-4550 E Bonanza Rd-
Details
-
Price $4,218,065
-
Year Built 1997
-
Property Type Multi-Tenant
Additional Details
-
Cap Rate 6.75%
-
Price/SF $342.38
-
APN 140-29-411-217
-
Rentable Area 12,320 SF
-
Lot Size 1.09 AC
Address
Open on Google Maps-
Address: 4500-4550 E Bonanza Rd
-
City: Las Vegas
-
State/county: Nevada
-
Zip/Postal Code: 89110
Other Listings
Frankston Packaging Company
- $3,350,000
