4505 E Bonanza LLC purchased the 1,987 SF Absolute Net Leased Popeye’s retail property located at 4505 E. Bonanza Road in Las Vegas. The asset sold for $1,150,000 as the investment benefits from annual bumps which will increase the yield, during the duration of the lease and option periods, from 5.42% to 9.06%, at list price, without debt leverage. Dustin R. Alvino with Marcus & Millichap represented the seller, Mitra Inc. The transaction equates to $578.76/SF.
