M Square Commercial Secures 10-Year NNN Lease for Jeff’s Bagel Run at Eastern Promenade in Las Vegas

M Square Commercial finalized a 10-year NNN lease for Jeff’s Bagel Run at Eastern Promenade, located at 9400 S Eastern Ave in Las Vegas. The new lease positions Jeff’s Bagel Run for growth in a competitive retail market, expanding its footprint beyond Florida.

Las Vegas, NV, Nevada, United States, February 26, 2025 — M Square Commercial secured a 10-year NNN lease for Jeff’s Bagel Run at Eastern Promenade, a key retail center in Las Vegas. This transaction marks the brand’s first location in Nevada, continuing its expansion beyond Florida, where it has built a strong reputation for its authentic New York-style bagels.

The lease, executed with landlord Eastern Promenade, LLC, provides 1,232 square feet of retail space in a high-traffic corridor in the Henderson/Green Valley submarket. The area’s limited 5.1% retail vacancy rate and average net rents of $2.52 per square foot per month reflect strong demand for quality retail spaces in Las Vegas.

“M Square Commercial specializes in securing strategic leases in high-growth markets,” said Brittany Megrath, CCIM, Managing Broker at M Square Commercial. “Jeff’s Bagel Run’s expansion into Las Vegas highlights the city’s growing demand for premium dining options, and we are thrilled to have played a role in securing this key location.”

Jeff’s Bagel Run is known for its hand-rolled, boiled, and baked bagels, featuring a crisp exterior and a soft, chewy interior. The brand offers classic and specialty bagels, alongside house-made cream cheese spreads and freshly brewed coffee. Its new location at Eastern Promenade will introduce Las Vegas residents to its signature flavors and quick-service model.

Key Lease Details:

• Location: 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.

Jeff’s Bagel Run’s entry into the Las Vegas market aligns with the city’s retail growth, where dining concepts continue to be a leading driver of leasing activity. The location’s high visibility and established retail presence make it an ideal setting for the brand’s West Coast expansion.

This transaction underscores the value of NNN leases for both landlords and tenants. By structuring a long-term lease, M Square Commercial ensures stability for the property owner while allowing Jeff’s Bagel Run to establish itself in a thriving market.

“This lease is a great example of how strategic site selection and market positioning drive long-term success,” added Megrath. “Eastern Promenade offers the right combination of foot traffic, visibility, and surrounding businesses to support Jeff’s Bagel Run’s continued growth.”

For more details on this transaction, visit the full case study on the Jeff’s Bagel Run Las Vegas lease.

About M Square Commercial

M Square Commercial provides nationwide commercial real estate services, specializing in retail leasing, build-to-suit developments, and investment property transactions. To learn more about NNN lease opportunities and retail real estate solutions, visit msquarecommercial.com or call (702) 637-9870.

About the company: Commercial Lending News delivers timely and insightful updates on the commercial real estate sector, focusing on lending, banking, finance, commercial loans, interest rates, REITs, acquisitions, and emerging technologies. As a trusted resource, we provide in-depth analysis and expert perspectives on the trends shaping the industry.

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Release ID: 89153911

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