STNL Costa Vida

Highlights:

• 15-Year Absolute NNN Lease With Corporate Guaranty
• Zero Landlord Responsibilities
• Located at the Signalized Intersection of Flamingo Rd. and University Center Dr. (±69,900 VPD)
• 2-Miles from the Las Vegas Strip Corridor and Interstate-15 (±288,160 VPD)
• Located across from the University of Nevada Las Vegas (UNLV) with 34,000 Students
• Within 2-miles of the MSG Sphere, Formula 1 Headquarters, Las Vegas Convention Center, and Harry Reid International Airport

Description:

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 ±413,572 residents within a 5-mile radius, with household incomes averaging $81,648. 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.

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