1616 E Lake Mead Blvd - Restaurant FOR SALE


North Las Vegas, NV 89030- Downtown North Las Vegas
$2,640,000 USD
480-221-4221
1616 E Lake Mead Blvd, North Las Vegas, NV for Sale
$2,640,000 USD
Restaurant - FOR SALE
1/8
null | 5% Cap Rate

1616 E Lake Mead Blvd
North Las Vegas, NV 89030
Downtown North Las Vegas


HIGHLIGHTS

  • 12+ Years Remaining | Options to Extend | Scheduled Increases | Corporate Guaranteed by Del Taco | Subleased to Dunkin Donuts
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Direct Access via I-15 (206,000 VPD) | Dense Retail Corridor |Excellent Visibility on Lake Mead Blvd (47,500 VPD)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant, Del Taco LLC, has over 12 years remaining on its lease with 4 (5-year) options to extend • The lease features 10% increases every 5 years throughout the initial term and at the beginning of each option period • The next rental increase will occur on 8/1/2027

FOR SALE DETAILS

PRICE

$2,640,000 USD

PRICE/SF

$1,084 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dunkin' Guaranteed by Del Taco LLC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

CR

APN/PARCEL ID

139-23-601-028

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.