4230 E Craig Rd - Fast Food FOR SALE


North Las Vegas, NV 89030
$3,648,000 USD
702-561-5721
4230 E Craig Rd, North Las Vegas, NV for Sale
$3,648,000 USD
Fast Food - FOR SALE
1/7
null | 5.75% Cap Rate

4230 E Craig Rd
North Las Vegas, NV 89030


HIGHLIGHTS

  • 10-year net lease to Wingstop and 15-year net lease to Wendy’s features 2% annual rent increases, offering predictable income growth.
  • Wingstop Inc. (NASDAQ: “WING”), a global quick-service restaurant brand specializing in handbreaded chicken wings in various flavors.
  • Attractive long-term net lease structures where each tenant covers taxes, insurance, and maintenance, ensuring consistent and predictable income.
  • The Wendy’s Company (NASDAQ: “WEN”) operates over 7,100 locations globally, with approximately 95% of the system franchised.
  • Wingstop is operated by Far West Restaurant Group with over 100 locations in California, Nevada, Washington, Colorado and Utah.

OVERVIEW

Prime Location in a Growing Corridor: Situated on E Craig Rd with direct visibility from N Lamb Blvd, this property sees nearly 90,000 vehicles per day. Its strategic location near major employers and expanding residential developments supports a strong and growing customer base. Robust Lease Structure: Featuring a 10-year net lease with Wingstop and a 15-year net lease with Wendy’s, the asset offers passive income with minimal landlord responsibilities. Built-in rental escalations provide reliable and consistent NOI growth over time. Demographics Reflecting Strong Demand: The five-mile trade area encompasses a population of 336,696, with projected growth of 4.3% by 2029. High-income households in the area support a thriving retail environment aligned with Starbucks’ and other national brands' target markets. Newly Renovated Asset: Renovated in 2024, the property includes a modern drive-thru, ample parking, and energy-efficient upgrades—meeting the operational and branding standards of both tenants and reducing future capital expenditure needs. Surrounded by Key Traffic Drivers: Located near Nellis Air Force Base (home to 12,000+ personnel) and a dense concentration of retail establishments, the site benefits from consistent foot traffic and strong year-round visibility. Strong Investment Market: North Las Vegas continues to experience rapid growth in residential, industrial, and commercial sectors, driven by favorable business conditions and sustained population increases—making this a prime opportunity in a high-demand market.

FOR SALE DETAILS

PRICE

$3,648,000 USD

PRICE/SF

$825 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wingstop & Wendy’s

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

M-2

APN/PARCEL ID

140-06-610-032

ASK ABOUT THIS PROPERTY

Dan HubbardCushman & WakefieldMore Info
702-561-5721

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Dan HubbardCushman & WakefieldMore Info
702-561-5721

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