Las Vegas, NV - McDonald's
$2,369,000
4105 S. Eastern Avenue, Las Vegas, NV 89119
3.5
Cap Rate
82,908
NOI
Details:
Description:
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased, McDonald’s investment property located in Las Vegas, Nevada. The tenant, McDonald’s, has over 8 years of lease term remaining with no remaining options and has operated at this location for over 30 years. The lease features a 12% rental increase in 2030, 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 McDonald’s is located at the signalized, hard corner intersection of E. Flamingo Rd and S. Eastern Ave which combine to average 87,500 vehicles per day. E. Flamingo Rd is a major retail thoroughfare serving the city of Las Vegas. The asset is approximately 3 miles from the Las Vegas Strip, the major attraction for the more than 38 million tourists that visit Las Vegas annually.
The McDonald’s is located at the signalized, hard corner intersection of E. Flamingo Rd and S. Eastern Ave which combine to average 87,500 vehicles per day. E. Flamingo Rd is a major retail thoroughfare serving the city of Las Vegas. The asset is approximately 3 miles from the Las Vegas Strip, the major attraction for the more than 38 million tourists that visit Las Vegas annually. The subject property is located near several shopping centers including the Best on the Boulevard shopping mall, with national/credit tenants such as Best Buy, Grocery Outlet, Ross, Five Below, Jollibee, Wingstop, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Target, Smith’s, Burlington, Planet Fitness, Raising Cane’s, In-N-Out, Starbucks, Chipotle and more, further increasing consumer traffic to the site. The subject property is located less than 2 miles from the University of Nevada, Las Vegas, which has a student population of over 33,700. The 5-mile trade area is supported by an extremely dense population of over 447,900 residents and 413,500 employees with an average household income of $78,109.
Location
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