3555 W Craig Rd - Fast Food FOR SALE


North Las Vegas, NV 89032
$3,684,000 USD
702-449-1180
3555 W Craig Rd, North Las Vegas, NV for Sale
$3,684,000 USD
Fast Food - FOR SALE
1/7
null | 4.75% Cap Rate

3555 W Craig Rd
North Las Vegas, NV 89032


HIGHLIGHTS

  • True Investment Grade Credit (NASDAQ: SBUX)
  • 10-Year NN lease with 10% rent increases every 5 years
  • Rare ±1.74 Acre Parcel
  • Out-parcel to a 10-Acre Master-Planned Mixed-Use development with 159 apartments
  • High traffic at the W. Craig Rd. and Allen Ln. signalized intersection (±52,600 VPD)
  • Located between the I-15 and I-11 Freeways (±293,000 VPD)

OVERVIEW

Colliers is pleased to exclusively offer for sale a new construction single-tenant net leased Starbucks located in North Las Vegas, NV. The property consists of a ±2,400 SF freestanding building with double drive-thru and benefits from a 10-year lease with 10% rent increases every 5 years, including options. This newly constructed Starbucks is adjacent to a well-established freestanding CVS Pharmacy and is an out-parcel pad to a 10-Acre Master-Planned Mixed- Use development with 159 apartments that is scheduled to break ground before year-end. The site is well-positioned along the high traffic Craig Road Corridor with traffic counts in excess of ±46,000 VPD, strategically located between the I-15 and I-11 Freeways, with exposure to an additional ±293,000 VPD. This newly constructed Starbucks is adjacent to CVS Pharmacy with other nearby national co-tenants including Raising Cane’s, Smith’s, Walmart, ROSS, Burlington, Harbor Freight, Home Depot, PetSmart, Chick-fil-A and more. The asset is in proximity to several nearby demand drivers, including Cheyenne High School (±2,110 students), Craig Ranch Regional Park (±117 AC), Theron Swainston Middle School (±1,041 students), Cannery Casino (200 rooms), Nola Sky Mixed-Use Development, and the North Las Vegas Airport. The Property is well-positioned within a high growth trade area surrounded by residential rooftops, servicing ±452,839 residents with an average annual household income of ±$98,278 within a 5-mile radius.

FOR SALE DETAILS

PRICE

$3,684,000 USD

PRICE/SF

$1,535 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL Starbucks

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

1.74 AC

LAND SF

75,794 SF

ZONING

C-1

APN/PARCEL ID

139-05-301-008

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.