808 Flamingo Rd - Fast Food FOR SALE


Las Vegas, NV 89119- University District
$6,600,000 USD
702-449-1180
808 Flamingo Rd, Las Vegas, NV for Sale
$6,600,000 USD
Fast Food - FOR SALE
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808 Flamingo Rd
Las Vegas, NV 89119
University District


HIGHLIGHTS

  • 15-Year Absolute NNN Corporate Lease With Zero Landlord Responsibilities
  • 10% rental increases every 5 years, including options
  • Located on Flamingo Rd. and University Center Dr. (±69,900 VPD)
  • 2-Miles from the Las Vegas Strip Corridor and Interstate-15 (±288,160 VPD)
  • Located near Hughes Center, MSG Sphere, Formula 1 Headquarters, Las Vegas Convention Center, Harry Reid International Airport and more!
  • Across from the University of Nevada Las Vegas (UNLV) with 32,911 students and ±11,000 housing units

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 ±411,863 residents within a 5-mile radius, with household incomes averaging $72,305. 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

$6,600,000 USD

CAP RATE

6.82%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL Costa Vida

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

CG

APN/PARCEL ID

162-15-803-006

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 Policy.