4372 W Craig Rd - Fast Food FOR SALE


North Las Vegas, NV 89032
$3,932,000 USD
480-221-4221
4372 W Craig Rd, North Las Vegas, NV for Sale
$3,932,000 USD
Fast Food - FOR SALE
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4372 W Craig Rd
North Las Vegas, NV 89032


HIGHLIGHTS

  • New 10-Year Lease | Options To Extend | Annual Rental Increases | Experienced Operator
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Part Of New Development | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Charleys Cheesesteaks investment property located in North Las Vegas, Nevada. The tenant, LV Food Service Concept LLC, recently signed a brand new 10-year lease with 2 (10-year) options to extend, demonstrating their commitment to the site. The tenant is a subsidiary of LV Petroleum, which operates over 80 travel center locations, 180 quick-service restaurants, and 30 convenience stores. The lease features 2% annual rental increases throughout the initial term and at the beginning of each option period, 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. The project is currently under construction and is expected to be completed by mid-July, with a public opening scheduled for August 1. All equipment located on the property is included in the sale, providing the potential for bonus depreciation (consult a tax advisor)

FOR SALE DETAILS

PRICE

$3,932,000 USD

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charleys Cheesesteaks | New 10yr Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

C-1`

APN/PARCEL ID

139-06-201-003

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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