Las Vegas, NV - Starbucks (Durango)

Description:

• The tenant, Starbucks Corporation, recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation

- The subject property is located near the signalized, hard-corner intersection of S Durango Dr and W Robindale Rd, combining to average over 64,900 vehicles passing by daily
- The site is located in close proximity to UnCommons, a newly-developed lifestyle center that includes fine dining, retail, and residential units
- Additionally, the asset is nearby the newly-developed Durango Casino & Resort, which features over 200 guest rooms and an 80,000+ square foot gaming space
- The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Sam’s Club, IKEA, Best Buy, Home Depot, Ross, Michael’s, Sprouts, Raising Cane’s, and more