North Las Vegas, NV - Del Taco

Description:

• The tenant, Del Taco LLC, has over 12 years remaining on its lease with 4 (5-year) options to extend
• The lease features 10% increases every 5 years throughout the initial term and at the beginning of each option period
• The next rental increase will occur on 8/1/2027

• The subject property is highly visible along E. Lake Mead Blvd (47,500 VPD)
• Direct on/off ramp access from I-15 (206,000 VPD)
• Near the signalized, hard corner intersection of E. Lake Mead Blvd and N. McDaniel St which features a pair of grocery-anchored centers: College Park shopping mall (3.4M+ annual visits) and Fiesta Plaza (2.9M+ annual visits)
• Retailers at the intersection include La Bonita Supermarkets, Ross, El Super grocery store, and QSR tenants Carl’s Jr., Chipotle, Taco Bell, and El Pollo Loco
• More than 500,200 residents and 234,000 employees support the trade area
• Developments in the immediate area include the $1.75 billion MLB stadium for the Oakland Athletics and the $380 million Hylo Park mixed-use project
• Situated 4 miles North of Las Vegas Boulevard which received 41.7 million+ visitors in 2024 and hosts over 150,000 hotel rooms across its luxury hotels