M Square Commercial has successfully secured a 10-year NNN lease for Jeff’s Bagel Run at Eastern Promenade, located at 9400 S Eastern Ave, Las Vegas, NV. This lease marks Jeff’s Bagel Run’s entry into the Las Vegas market, expanding its well-loved New York-style bagel concept beyond its Florida roots. With high visibility and access to a thriving retail corridor, this new location positions Jeff’s Bagel Run for long-term success in the Las Vegas dining scene.
NNN Lease Project Overview: Jeff’s Bagel Run at Eastern Promenade
- Address: 9400 S Eastern Ave, Las Vegas, NV
- Shopping Center: Eastern Promenade
- Tenant: Jeff’s Bagel Run
- Landlord: Eastern Promenade, LLC
- Lease Type: NNN Lease
- Term: 10 years
- Lease Effective Date: December 31, 2024
- Square Footage: 1,232 sq. ft.
Prime Retail Location in a Competitive Las Vegas Market
Jeff’s Bagel Run strategically chose Eastern Promenade for its high-traffic location and strong consumer base in the Henderson / Green Valley submarket. With limited retail availability at 5.1% vacancy and an average net rent of $2.52 per square foot per month in Q3 2024, this transaction highlights the increasing demand for well-positioned retail properties in Las Vegas.
Eastern Promenade offers an ideal mix of established retailers, consistent foot traffic, and convenient access to major residential areas, making it a perfect fit for Jeff’s Bagel Run’s expansion plans. The lease structure provides long-term stability for both the landlord and tenant while introducing a new culinary concept to the area.
Jeff’s Bagel Run: Bringing Authentic New York-Style Bagels to Las Vegas
Jeff’s Bagel Run is known for hand-rolled, boiled, and baked New York-style bagels, featuring a crispy exterior and a soft, chewy interior. Customers can enjoy an array of classic and specialty bagels, including rosemary salt and cacio e pepe, paired with signature cream cheese spreads like brown sugar cinnamon and roasted jalapeño. Freshly brewed coffee rounds out the menu, offering a full breakfast and coffeehouse experience.
This expansion underscores Jeff’s Bagel Run’s commitment to growing in high-demand markets, bringing its unique offerings to new communities while maintaining the quality and craftsmanship that made it a Florida favorite.
Strategic Leasing Approach by M Square Commercial
M Square Commercial leveraged its deep expertise in retail real estate leasing to secure this lease agreement, ensuring both the landlord and tenant benefited from a strategic, well-structured deal. The key components of this transaction include:
- Retail Site Selection: Identified Eastern Promenade as a high-visibility retail center with strong consumer demand.
- Market Analysis & Positioning: Assessed competitive market trends in Las Vegas to ensure the lease aligned with local rental conditions.
- Negotiation & Lease Structuring: Facilitated a 10-year NNN lease that provides stability for the landlord and a prime location for the tenant.
Investment Benefits of NNN Lease & Market Impact
This NNN lease provides multiple advantages for all stakeholders:
- For the Landlord: Secures a long-term, high-quality tenant in a competitive retail environment.
- For Jeff’s Bagel Run: Gains entry into a fast-growing market, positioning the brand for future expansion.
- For the Community: Brings a new dining experience to Las Vegas, enhancing the local food scene with a fresh, high-quality bagel and coffee option.
Driving Future Retail Growth in Las Vegas
The successful completion of this NNN lease agreement reinforces M Square Commercial’s role in shaping the Las Vegas retail landscape, providing strategic leasing solutions that support business expansion and long-term property value. This transaction also highlights the continued demand for well-located, high-traffic retail spaces in the city’s thriving real estate market.
Contact M Square Commercial
For more information about this transaction or other retail leasing opportunities, contact:
Brittany Megrath, CCIM
Managing Broker, M Square Commercial
Phone: (702) 637-9870
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