2231 Fremont Street - Fast Food FOR SALE


Las Vegas, NV 89101- Downtown Las Vegas
$3,850,000 USD
702-449-1180
2231 Fremont Street, Las Vegas, NV for Sale
$3,850,000 USD
Fast Food - FOR SALE
1/6
null | 4.16% Cap Rate

2231 Fremont Street
Las Vegas, NV 89101
Downtown Las Vegas


HIGHLIGHTS

  • 15-Year Absolute NNN Ground Lease
  • 10% rental increases every 5 years, including options
  • Raising Cane’s Restaurants, LLC – Corporate Guaranty
  • Opportunity Zone Location
  • Combined Traffic Counts in Excess of ±100,400 VPD
  • Proximity to Downtown Las Vegas and the world famous Fremont Street Experience

OVERVIEW

Colliers is pleased to exclusively offer the opportunity to acquire a new construction single-tenant net-leased Raising Cane’s with double drive-thru located within an Opportunity Zone near the historic Fremont East District in Las Vegas, NV. The property consists of a ±3,181 SF freestanding building, and benefits from a 15-Year Absolute NNN ground lease, with five (5), five year options to extend. The asset is adjacent to a future Starbucks that is scheduled to open in Q3 2025. The subject is well-positioned at the signalized northwest corner of Eastern Ave. and Fremont St., near Charleston Blvd. – three major commuter thoroughfares with combined traffic counts in excess of ±100,400 VPD. The site also sits just south of the I-11 Freeway, boasting an additional ±142,000 VPD. The property is located in close proximity to Downtown Las Vegas, featuring multiple demand drivers including attractions such as Fremont Street Experience, The Smith Center for the Performing Arts, Simon’s Premium Fashion Outlets, as well as the Clark County Government Center, Municipal and Federal Court Buildings and the Arts District while servicing a daytime population of ±688,338 consumers within a 5-mile radius.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$1,210 USD /SF

CAP RATE

4.16%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL Raising Cane's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

T4-C

APN/PARCEL ID

139-35-804-009

ASK ABOUT THIS PROPERTY

Adam MalanColliersMore Info
702-449-1180

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Adam MalanColliersMore Info
702-449-1180

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.