STNL Starbucks
$3,157,000
NWC Fremont St. & Eastern Ave., Las Vegas, NV 89101
4.75
Cap Rate
150,000
NOI
Details:
Highlights:
- NASDAQ: SBUX – Starbucks Corporation Guarantee
- 10-Year Lease with Six 5-Year Extension Terms
- 10% Rent Increases Every 5 Years, Including Options
- Opportunity Zone Location
- Combined Traffic Counts in Excess of ±100,400 VPD
- Proximity to Downtown Las Vegas and the world famous Fremont Street Experience
Description:
Colliers is pleased to exclusively offer the opportunity to acquire a new construction single-tenant net-leased Starbucks drive-thru located within an Opportunity Zone near the historic Fremont East District in Las Vegas, NV. The property consists of a ±929 SF freestanding building situated on a ±0.66 AC parcel, and benefits from a 10-Year lease, with 10% rent increases every five years, including six (6), five year options to extend.
The asset is adjacent to a future Raising Cane’s that is scheduled to open in Q3 2025. The subject is well-positioned at the signalized northwest corner of Eastern Ave. and Fremont St., near Charleston Blvd. – three major commuter thoroughfares with combined traffic counts in excess of ±100,400 VPD. The site also sits just south of the I-11 Freeway, boasting an additional ±142,000 VPD. The property is located in close proximity to Downtown Las Vegas, featuring multiple demand drivers including attractions such as Fremont Street Experience, The Smith Center for the Performing Arts, Simon’s Premium Fashion Outlets, as well as the Clark County Government Center, Municipal and Federal Court Buildings and the Arts District while servicing a daytime population of ±688,338 consumers within a 5-mile radius.
Documents:
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Offering Memorandum
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Location
Gallery
