8745 W Warm Springs Rd - Fast Food FOR SALE


Las Vegas, NV 89148- Rhodes Ranch
$4,667,000 USD
480-221-4221
8745 W Warm Springs Rd, Las Vegas, NV for Sale
$4,667,000 USD
Fast Food - FOR SALE
1/10
null | 4.5% Cap Rate

8745 W Warm Springs Rd
Las Vegas, NV 89148
Rhodes Ranch


HIGHLIGHTS

  • Brand New 15-Year Lease | Corporate Guaranteed (NYSE: SHAK) | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Rhodes Ranch Town Center (131K SF) | Desert Marketplace (188K SF) |The Arroyo at Market Square (1.16M SF) | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, corporate guaranteed, freestanding Shake Shack investment property located in Las Vegas, Nevada. The tenant, Shake Shack Nevada LLC (NYSE: SHAK) recently signed a brand new 15-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. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property recently had its grand opening and is now operating for business.

FOR SALE DETAILS

PRICE

$4,667,000 USD

PRICE/SF

$1,319 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Shake Shack | New 15yr Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

C-2

APN/PARCEL ID

176-08-516-003

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.