This Property is no longer advertised on Showcase.com.
Off Market
1/6

2011 N Rainbow Blvd
Las Vegas, NV 89108


HIGHLIGHTS

  • Excellent Freeway Visibility & Traffic Counts- Over 232,000 CPD at combined intersection and freeway.
  • True Investment Grade Credit- NYSE: EAT
  • Long Standing Tenancy- This location has been open for over 22 years.
  • No State Income Tax- Nevada, as a state, has no income tax. Consult your accountant for more details.

OVERVIEW

LOGIC Commercial Real Estate is pleased to exclusively offer for sale the fee simple interest in a Single Tenant Absolute NNN Leased Chili’s Bar & Grill located in Las Vegas, NV. The property consists of a +/- 5,997 SF building located directly off the US-95 & Lake Mead Blvd. on N. Rainbow Blvd. with combined traffic counts in excess of 232,300 CPD. The Lake Mead corridor is one of the most desirable retail corridors in the Las Vegas valley and features a multitude of national tenants such as Chick fil A, Raising Cane’s, Best Buy, Old Navy, TJ Maxx, Ulta, Party City, Barnes & Noble, AMC Theatres, and more. This location has been in operation for over 22 years and is a local favorite to the neighborhood. Chili’s Bar & Grill is a corporate guaranteed lease by Brinker International, Inc. (NASDAQ: EAT). Brinker is an American multinational hospitality industry company that owns Chili’s and Maggiano’s Little Italy restaurant chains. Founded in 1975 and based in Dallas, Texas, Brinker currently owns, operates, or franchises +/- 1,629 restaurants under the names Chili’s Grill & Bar and Maggiano’s Little Italy worldwide. This lease is an absolute NNN ground lease, zero landlord responsibilities, two 5-year renewal options and increases to base rent every 5 years throughout the base lease term and all option periods.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

5997

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

138-22-612-002