4300 N. Rancho Drive - Fast Food FOR SALE


Las Vegas, NV 89130
$4,330,000 USD
702-836-3785
4300 N. Rancho Drive, Las Vegas, NV for Sale
$4,330,000 USD
Fast Food - FOR SALE
1/6
null | 4.25% Cap Rate

4300 N. Rancho Drive
Las Vegas, NV 89130


HIGHLIGHTS

  • Chipotle Mexican Grill (NYSE: CMG)
  • New Fifteen (15) Year Lease | Four (4) Five (5) Year Options
  • Ten Percent (10%) Increases Every Five (5) Years
  • Absolute Triple Net (NNN) Lease | Zero Landlord Responsibilities
  • Fee Simple Ownership | Land & Building = Depreciable
  • Nevada Tax Free State | FILE PHOTOS USED IN OM

OVERVIEW

Colliers is pleased to present the opportunity to acquire the fee simple interest, in an absolute triple net (NNN) corporate Chipotle Built-to-Suit lease, located in Las Vegas, Nevada. Chipotle signed a fifteen (15) year lease with four (4) five (5) year options to extend. The lease is an absolute triple net (NNN) lease with zero landlord responsibilities. The subject property is located on Rancho Drive, just south of the southeast corner of Rancho Drive and Craig Road. This location sits on Rancho Drive, adjacent to EOS Fitness, Dutch Bros., 7-Eleven, WOW Car Wash, Take 5 Oil Change, McDonald's, and Hawaiian Bros Island Grill. Retailers located in the immediate trade area include Planet Fitness, Habit Burger, Superior Grocers, Bank of America, Wells Fargo, Lowe's, Burger King, Panda Express, and Walmart Neighborhood Market.

FOR SALE DETAILS

PRICE

$4,330,000 USD

PRICE/SF

$1,862 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CHIPOTLE | ABSOLUTE NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,343 SF

ZONING

General Commercial C-2

APN/PARCEL ID

138-02-715-023

ASK ABOUT THIS PROPERTY

David GrantColliersMore Info
702-836-3785

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David GrantColliersMore Info
702-836-3785

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