STNL Swig Drinks
$1,800,000
885 East Craig Road, North Las Vegas, NV 89030
5
Cap Rate
90,000
NOI
Details:
Highlights:
- 15-Year Corporate Guaranteed Lease with Two 5-Year Options
- Absolute NNN ground lease with zero landlord responsibilities
- 10% rent increases every 5 years, including options
- High visibility from Craig Rd. with additional access from N. 5th Street (±91,800 VPD)
- Over 13,000 homes planned or under construction within a 5-mile radius
- Daytime population exceeds ±367,624 within 5-miles
Description:
Colliers is pleased to exclusively offer for sale a new construction single-tenant net-leased Swig Drinks located within a new retail development in North Las Vegas, NV. The property consists of a ±746 SF freestanding building that is situated on a ±1.02 AC parcel and benefits from a new 15-Year Absolute NNN ground lease. Swig Drinks is funded by Savory Restaurant Fund and the lease is guaranteed by Savory Swig Stores.
This newly constructed building is located at the high traffic signalized intersection of E. Craig Rd. and N. 5th St. and is strategically positioned to capture continually increasing traffic counts currently exceeding ±91,800 VPD. The building is ±2-miles west of the I-15 Freeway, adding an additional ±150,000 VPD.
The asset benefits from excellent co-tenant synergy with Circle K, WOW Car Wash, Houston TX Hot Chicken, Mountain Mike’s Pizza, and several other premier national co-tenants that are located in the trade area. The asset services a dense and underserved trade area with ±424,412 residents with an average household income of $86,869 within a 5-mile radius. Nearby daytime population exceeds ±367,624 and includes foot traffic from Nellis Air Force Base (±12,000 military/civilian personnel) and Cannery Hotel & Casino (±201 rooms).
Documents:
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Offering Memorandum
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Location
Gallery
