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Eastwig Center 8505-8515 S Eastern Ave 11,780 SF 89% Leased Retail Building Las Vegas, NV 89123 $8,860,000 ($752.12/SF) 6.39% Cap Rate
Investment Highlights
- Compelling retail investment opportunity at one of the most prominent areas in the Las Vegas Valley
- The property benefits from exceptional freeway proximity and strong daily traffic volumes, offering the next owner immediate income
- Anchored at the intersection of Wigwam and Eastern Avenues, this established retail center sits within a thriving retail corridor
- Value-add upside: NOI includes a 6-month rent holdback for the vacant Suite 103 (± 1,248 SF), offering near-term lease-up opportunity.
Executive Summary
Stable in-place income
Diversified, established tenant roster. The center is anchored by Village Pub, Check City, and Fuzzy Dice — a complementary mix of food & beverage, financial services, and entertainment tenants that drive consistent, recurring traffic. Tenant diversity reduces income concentration risk for the buyer.
Value-add upside
Near-term lease-up opportunity in Suite 103. The NOI reflects a 6-month total rent holdback on the vacant Suite 103 (±1,248 SF), providing a buyer with immediate upside upon stabilization. This single vacancy represents a low-risk path to increased cash flow without the need for capital improvements or re-tenanting of existing occupied spaces.
Diversified, established tenant roster. The center is anchored by Village Pub, Check City, and Fuzzy Dice — a complementary mix of food & beverage, financial services, and entertainment tenants that drive consistent, recurring traffic. Tenant diversity reduces income concentration risk for the buyer.
Value-add upside
Near-term lease-up opportunity in Suite 103. The NOI reflects a 6-month total rent holdback on the vacant Suite 103 (±1,248 SF), providing a buyer with immediate upside upon stabilization. This single vacancy represents a low-risk path to increased cash flow without the need for capital improvements or re-tenanting of existing occupied spaces.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,780 SF
Building Class
B
Year Built
2005
Price
$8,860,000
Price Per SF
$752.12
Cap Rate
6.39%
NOI
$566,554
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.38 AC
Zoning
C-2 - General commercial
Parking
74 Spaces (2.8 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 103
- 1,248 SF
- Restaurant
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 103 | 1,248 SF | Restaurant | In-Line | Now |
103
| Size |
| 1,248 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 177-14-710-003 | Improvements Assessment | $548,889 |
| Land Assessment | $423,947 | Total Assessment | $972,836 |
Property Taxes
Parcel Number
177-14-710-003
Land Assessment
$423,947
Improvements Assessment
$548,889
Total Assessment
$972,836
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