Starbucks | Las Vegas, NV

2,365 SF | Retail Building | Las Vegas, NV 89148 | $3,790,000 ($1,603/SF) | 4.75% Cap Rate

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $3,790,000

Property Type
Retail
Square Feet
2,365 SF
Price / Square Foot
$1,603

Listing Contacts

Bill Asher
Bill Asher
Verified Profile
Jeff Lefko
Jeff Lefko
Verified Profile
  • Property Info

Property Overview

New 10-Year Lease | 10% Increases Every 5 Years | Dense Las Vegas Demographics (293K Residents)

Property Details

Year Built
2024
Stories
1
Property Subtype
Storefront
Lot Size (sq. ft)
70,567 SF

Highlights

  • Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Drive-Thru: New 10-year lease; 10% increases every 5 years, including the option periods
  • Favorable Café with Drive-Thru Format: Approximately 60-70% of all business for quick service restaurants come through a drive-thru
  • Irreplaceable Las Vegas Location: Adjacent to two high-end, newly developed luxury residential complexes | The Gramercy Residences & The Ellison
  • Excellent Accessibility & Visibility: Located on the “going to work side” of Russell Road (25,000 CPD) at the on-ramp to the 215 Freeway (60,000 CPD)
  • Dense Infill Las Vegas Location: 328,000 people within a 5-mile radius | Close Proximity to the Las Vegas Strip and Airport
  • Ideally Located in the Rapidly Growing Southwest Submarket: 981.5% pop growth w/in a 1-mile radius & 88.8% pop growth w/in a 3-mile radius (2010-2023)

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