545 W Craig Rd - Restaurant FOR SALE


North Las Vegas, NV 89032
$3,552,000 USD
702-449-1180
545 W Craig Rd, North Las Vegas, NV for Sale
$3,552,000 USD
Restaurant - FOR SALE
1/10
null | 5% Cap Rate

545 W Craig Rd
North Las Vegas, NV 89032


HIGHLIGHTS

  • National Tenants: Domino’s (NASDAQ: DPZ) and Dunkin’ Donuts
  • Ease of Management | NNN Leases
  • Over 280 Feet of Frontage on W. Craig Rd with Traffic Counts Exceeding (±56,900 VPD)
  • Craig Promenade provides Convenient Access with 8 points of Ingress/Egress
  • Strategically Located in close proximity to the I-15 Freeway (±150,000 VPD)
  • Nearby National Tenants include Smart & Final, Chuck E. Cheese, Goodwill, 7-Eleven, Dash Car Wash, Popeyes, Cheba Hut, Dairy Queen and more

OVERVIEW

Colliers is pleased to exclusively offer for sale a two-tenant retail building with drive-thru 100% leased to Domino’s (NASDAQ: DPZ) and Dunkin Donuts located within Craig Promenade, a highly trafficked ±81,057 SF Smart & Final anchored neighborhood retail center in North Las Vegas. The asset is well positioned within the dense and rapidly expanding Craig Road Corridor in North Las Vegas, Nevada, with over 280 feet of frontage along W. Craig Rd. (±46,500 VPD) just east of Revere St. (±10,400 VPD). The asset benefits from nearby co-tenancy including national retailers such as Walmart, Home Depot, Smart & Final, Smith’s, ALDI, Chick-fil-A, Starbucks, and more. Hylo Park, a large-scale mixed-use redevelopment, is currently under construction ±2-miles south of the property and is expected to bring over 925 permanent jobs and will include a 150-room hotel, 665 housing units and a 100K SF Vegas Golden Knights youth and recreational hockey facility. Craig Promenade services a dense and underserved trade consisting of ±449,056 residents with an average household income of $90,441 within a 5-mile radius and benefits from proximity to Nellis Air Force Base (±12,000 military/civilian personnel) and the Cannery Hotel & Casino (±800 employees) with a nearby daytime population exceeding ±382,030 residents.

FOR SALE DETAILS

PRICE

$3,552,000 USD

PRICE/SF

$888 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Domino's + Dunkin' Donuts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C-2

APN/PARCEL ID

139-03-314-006

ASK ABOUT THIS PROPERTY

Adam MalanColliersMore Info
702-449-1180

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

Adam MalanColliersMore Info
702-449-1180

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