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EASTERN RETAIL CENTER (RED ROBIN | DUNN-EDWAR 9600 S Eastern Ave 17,702 SF 100% Leased Retail Building Las Vegas, NV 89123 $15,410,149 CAD ($870.53 CAD/SF) 5.92% Cap Rate
Investment Highlights
- High quality legacy pride of ownership strip center | Destination based retailers provide steady traffic to center.
- Approximately 78% of the occupied square footage is leased to national tenants.
- Seasoned tenants occupy 94% of the GLA since the shopping center was constructed.
- Retailers with different traffic patterns create a steady flow of traffic to center | Stable asset with 100% occupancy.
- The national tenants comprise over 75% of the net operating income.
- Varied lease rollover with leases expiring in 2027, 2033, and 2036.
Executive Summary
Colliers Las Vegas is pleased to present the opportunity to acquire the Eastern Retail Center, including Red Robin Gourmet Burgers and Brews, Dunn-Edwards Paints, Vegas Discount Nutrition, and Café 86.? This premier 17,702 square foot destination retail center is situated on 3.03 acres and is located on the highly traveled S.? Eastern Avenue, in a well-established mature neighborhood of Henderson, Nevada.?
Strategically located at the northeast corner of S.? Eastern Avenue and E.? Silverado Ranch Boulevard (Presque Isle St.?), less than ¾ of a mile south of the S.? Eastern Avenue & 215 Beltway Interchange, the property has more than 51,600 cars traveling in front of the property daily.?
Located at the signalized intersection, the Eastern Retail Center is joined by several other national retailers along S.? Eastern Avenue in the immediate trade area including Walmart, Sam’s Club, Home Depot, Old Navy, Ross Dress for Less, Petco, Grocery Outlet, Chuck E.? Cheese, Walgreens, Target, Five Below, Nike, Petsmart, Michaels, Dollar Tree, Lowe’s, and HomeGoods.? Restaurants include Burger King, Costa Vida, In N Out Burger, Chipotle, WingStop, Denny’s, Carl’s Jr.?, Grimaldi’s, Café Rio, Zippy’s, Krispy Kreme, Freddy’s Frozen Custard & Steakburgers, McDonald’s, and Chili’s.?
Strategically located at the northeast corner of S.? Eastern Avenue and E.? Silverado Ranch Boulevard (Presque Isle St.?), less than ¾ of a mile south of the S.? Eastern Avenue & 215 Beltway Interchange, the property has more than 51,600 cars traveling in front of the property daily.?
Located at the signalized intersection, the Eastern Retail Center is joined by several other national retailers along S.? Eastern Avenue in the immediate trade area including Walmart, Sam’s Club, Home Depot, Old Navy, Ross Dress for Less, Petco, Grocery Outlet, Chuck E.? Cheese, Walgreens, Target, Five Below, Nike, Petsmart, Michaels, Dollar Tree, Lowe’s, and HomeGoods.? Restaurants include Burger King, Costa Vida, In N Out Burger, Chipotle, WingStop, Denny’s, Carl’s Jr.?, Grimaldi’s, Café Rio, Zippy’s, Krispy Kreme, Freddy’s Frozen Custard & Steakburgers, McDonald’s, and Chili’s.?
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$911,771
|
$167.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$911,771
|
$167.21
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $911,771 |
| Annual Per SF | $167.21 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $911,771 |
| Annual Per SF | $167.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
17,702 SF
Building Class
B
Year Built
2005
Price
$15,410,149 CAD
Price Per SF
$870.53 CAD
Cap Rate
5.92%
NOI
$911,771 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
1.09 AC
Zoning
Henderson CC - City of Henderson, Community Commercial (CC)
Parking
51 Spaces (2.88 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dunn-Edwards
- Construction
- 7,452 SF
- -
- Triple Net
- Aug 2027
-
- Accommodation and Food Services
- 6,350 SF
- -
- Triple Net
- Dec 2033
Red Robin Gourmet Burgers began in 1969 and has grown from a burger-focused restaurant concept into a casual dining chain under the Red Robin Gourmet Burgers and Brews brand. The company serves gourmet burgers alongside salads, appetizers, entrees, desserts, signature beverages, and beer, with Donatos Pizza available at select locations. Red Robin also supports off-premise dining through online ordering for to-go, delivery, and catering, reflecting a broader mix of dine-in and convenience-focused services. Today, the business operates a broad restaurant network across the United States and Canada and continues to center its menu and guest experience around burgers, brews, and family-friendly casual dining.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dunn-Edwards | Construction | 7,452 SF | - | Triple Net | Aug 2027 | |
|
|
Accommodation and Food Services | 6,350 SF | - | Triple Net | Dec 2033 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 177-24-401-009 | Improvements Assessment | $1,230,107 CAD (2026) |
| Land Assessment | $1,362,569 CAD (2026) | Total Assessment | $2,592,677 CAD (2026) |
Property Taxes
Parcel Number
177-24-401-009
Land Assessment
$1,362,569 CAD (2026)
Improvements Assessment
$1,230,107 CAD (2026)
Total Assessment
$2,592,677 CAD (2026)
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EASTERN RETAIL CENTER (RED ROBIN | DUNN-EDWAR | 9600 S Eastern Ave
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