7690 S Durango Dr - Restaurant FOR SALE


Las Vegas, NV 89113- Sovana
$2,737,000 USD
480-221-4221
7690 S Durango Dr, Las Vegas, NV for Sale
$2,737,000 USD
Restaurant - FOR SALE
1/8
null | 4.75% Cap Rate

7690 S Durango Dr
Las Vegas, NV 89113
Sovana


HIGHLIGHTS

  • Brand New 10-Year Lease | Options To Extend | Brand New Construction | Scheduled Rental Increases
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Signalized, Hard-Corner Intersection (64,900 VPD) | Retail Corridor | Strong National/Credit Tenant Presence

OVERVIEW

• The tenant, Starbucks Corporation, recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$2,737,000 USD

PRICE/SF

$720 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | New 10yr Corp NN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

C-1

APN/PARCEL ID

176-09-210-004

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 Policy.