$3,478,261 USD
513-300-0763
4332 W Cactus Ave
Las Vegas, NV 89141
South Las Vegas
HIGHLIGHTS
- The asset comes with a 15 year original lease term with just under 13 years of lease term remaining. Contractual increases call for 10% every 5 years.
- Chipotle’s annual rent of $160,000 is below market. Average rents on new construction drive-thru buildings range between $180K-$200K.
- Las Vegas is one of the world’s most visited destinations, drawing over 40 million annual visitors with a total economic impact exceeding $80 billion.
- Las Vegas is the most populous city in Nevada with more than 650,000 residents and a metro population exceeding 2.3 million.
- From 2010 to 2020, the city experienced a staggering 20% population increase, ranking among the fastest-growing major metros in the U.S.
- Property sits conveniently with highly visible street frontage on Cactus Avenue with traffic counts exceeding 31,500 vehicles per day.
FOR SALE DETAILS
PRICE
$3,478,261 USD
PRICE/SF
$1,496 USD /SF
CAP RATE
4.6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.6 AC
LAND SF
26,136 SF
ZONING
C-2
APN/PARCEL ID
177-30-812-003
ASK ABOUT THIS PROPERTY
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513-300-0763
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513-300-0763
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