808 E Flamingo Rd - Fast Food FOR SALE


Las Vegas, NV 89119- University District
$6,250,000 USD
702-449-1180
808 E Flamingo Rd, Las Vegas, NV for Sale
$6,250,000 USD
Fast Food - FOR SALE
1/9
null | 6% Cap Rate

808 E Flamingo Rd
Las Vegas, NV 89119
University District


HIGHLIGHTS

  • 15-Year Absolute NNN Lease With Corporate Guaranty
  • Zero Landlord Responsibilities
  • Located at the Signalized Intersection of Flamingo Rd. and University Center Dr. (±69,900 VPD)
  • 2-Miles from the Las Vegas Strip Corridor and Interstate-15 (±288,160 VPD)
  • Located across from the University of Nevada Las Vegas (UNLV) with 34,000 Students
  • Within 2-miles of the MSG Sphere, Formula 1 Headquarters, Las Vegas Convention Center, and Harry Reid International Airport

OVERVIEW

Colliers is pleased to exclusively offer for sale a new construction single-tenant net-leased Costa Vida located in Las Vegas, NV. The property consists of a ±2,900 SF freestanding building with double drive-thru and benefits from a 15-Year Absolute NNN Lease with a corporate guaranty. This newly constructed Costa Vida Fresh Mexican Grill is well positioned at a high traffic signalized intersection along E. Flamingo Rd. and University Center Dr., with traffic counts exceeding ±69,900 VPD. Situated just minutes from the Las Vegas Strip, Harry Reid International Airport, and the University of Nevada Las Vegas (UNLV), this high-profile site benefits from strong traffic, excellent visibility, and seamless access to major transportation corridors. Surrounded by dense residential and commercial developments, the trade area boasts a population of ±413,572 residents within a 5-mile radius, with household incomes averaging $81,648. The property is positioned within a high-demand corridor featuring national retailers, dining establishments, and entertainment venues. With close proximity to Hughes Center’s 1.5MM SF of Class A office space, MSG Sphere, Formula 1 Headquarters, Las Vegas Convention Center, Vegas Loop transportation, and multiple hospitality assets, the site enjoys a dynamic mix of local consumers, professionals, and tourists – providing unparalleled access to a thriving customer base in one of the fastest-growing markets in the country.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$2,155 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Costa Vida

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

CG

APN/PARCEL ID

162-15-803-008

ASK ABOUT THIS PROPERTY

Adam MalanColliersMore Info
702-449-1180

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Adam MalanColliersMore Info
702-449-1180

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