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
Verified Profile
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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