STNL Freddy's Frozen Custard & Steakburgers

Highlights:

• 20-Year Absolute NNN Ground Lease | Corporate Guaranty
• 10% Rental Increases Every 5 Years
• High traffic intersection and 1-mile from the CC 215 Beltway
• National co-tenants include Chick-fil-A, Circle K, Valvoline, Providence Dental, and WOW Car Wash
• Adjacent to several multi-family apartments and the new Tule Springs master-planned community
• Dense and Underserved Demographics

Description:

Colliers is pleased to exclusively offer for sale a new construction single-tenant net-leased Freddy’s Frozen Custard & Steakburgers located in North Las Vegas, NV. The property consists of a ± 3,087 SF freestanding building with drive-thru and benefits from a 20-Year Absolute NNN Ground Lease.

This newly constructed Freddy’s is adjacent to Rome Pines Senior Apartments (±240 units), Rome Pines Family Apartments (±292 units), and is directly across from the future 5th St Village with ±422 multi-family units. The site is situated at the signalized intersection of E. Centennial Pkwy. and N. 5th St., with combined traffic counts in excess of ±33,000 VPD, strategically located just south of the CC 215 Beltway with exposure to an additional ±35,000 VPD.

National co-tenants within the development include Chick-fil-A, Circle K, Valvoline, Providence Dental, and WOW Car Wash. Other nearby retailers include Target, Kohl’s, The Home Depot, Ross, Burlington, PetSmart, Michaels, Valley Health Systems, Burger King, Starbucks, and more. The asset is well positioned within a high growth trade area, while servicing ±297,959 residents with average household incomes of over $98,014 within a 5-mile radius.

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