5688 S Rainbow Blvd - Fast Food FOR SALE


Las Vegas, NV 89118- Spring Valley
$2,930,000 USD
702-379-7476
5688 S Rainbow Blvd, Las Vegas, NV for Sale
$2,930,000 USD
Fast Food - FOR SALE
1/7
null | 4.51% Cap Rate

5688 S Rainbow Blvd
Las Vegas, NV 89118
Spring Valley


HIGHLIGHTS

  • Absolute NNN Corp. ground lease. 10% rent increase every 5 years.
  • 14 plus years remaining with 4/5 year option.
  • Located in signalized corner in high-growth, high-volumn SW retail corridor.

OVERVIEW

El Pollo Loco single tenant absolute NNN corp. ground lease located in Las Vegas, NV. Initial 20 year term with 14 plus years remaining with 4/5 year option. 10% increase every 5 years including option period. Property consists of +/- 2400 sq/ft building on a +/- .83 acre parcel on S Rainbow Blvd. and W.Russell Rd. Signalized intersection corner. High-growth, high-volume retail corridor.

FOR SALE DETAILS

PRICE

$2,930,000 USD

PRICE/SF

$1,221 USD /SF

CAP RATE

4.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Pad A

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

C-2

APN/PARCEL ID

163-26-413-008

ASK ABOUT THIS PROPERTY

Chang AhnBest 1 RealtyMore Info
702-379-7476

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Chang AhnBest 1 RealtyMore Info
702-379-7476

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