4105 S Eastern Ave - Fast Food FOR SALE


Las Vegas, NV 89119- University District
$2,369,000 USD
214-560-6900
4105 S Eastern Ave, Las Vegas, NV for Sale
$2,369,000 USD
Fast Food - FOR SALE
1/8
null | 3.5% Cap Rate

4105 S Eastern Ave
Las Vegas, NV 89119
University District


HIGHLIGHTS

  • Over 8 Years Remaining | Corporate Signed Ground Lease | Scheduled Rental Increase | Below-Market Rents
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Signalized Hard Corner Intersection (87,500 VPD) | Las Vegas Strip |University of Nevada, Las Vegas
  • Strong Demographics In 5-Mile Trade Area | Dense Population

OVERVIEW

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased, McDonald’s investment property located in Las Vegas, Nevada. The tenant, McDonald’s, has over 8 years of lease term remaining with no remaining options and has operated at this location for over 30 years. The lease features a 12% rental increase in 2030, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,369,000 USD

PRICE/SF

$2,692 USD /SF

CAP RATE

3.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

McDonald's | 8+yrs Remain Corp Abs NNN GL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C-2

APN/PARCEL ID

162-23-504-017

ASK ABOUT THIS PROPERTY

Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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