STNL Costa Vida

Highlights:

• 15-Year Absolute NNN Corporate Lease With Zero Landlord Responsibilities
• 10% rental increases every 5 years, including options
• Located on Flamingo Rd. and University Center Dr. (±69,900 VPD)
• 2-Miles from the Las Vegas Strip Corridor and Interstate-15 (±288,160 VPD)
• Located near Hughes Center, MSG Sphere, Formula 1 Headquarters, Las Vegas Convention Center, Harry Reid International Airport and more!
• Across from the University of Nevada Las Vegas (UNLV) with 32,911 students and ±11,000 housing units

Description:

Colliers is pleased to exclusively offer for sale a new construction single-tenant net-leased Costa Vida located in Las Vegas, NV. The property consists of a ±2,900 SF freestanding building with double drive-thru and benefits from a 15-Year Absolute NNN Lease with a corporate guaranty.

This newly constructed Costa Vida Fresh Mexican Grill is well positioned at a high traffic signalized intersection along E. Flamingo Rd. and University Center Dr., with traffic counts exceeding ±69,900 VPD. Situated just minutes from the Las Vegas Strip, Harry Reid International Airport, and the University of Nevada Las Vegas (UNLV), this high profile site benefits from strong traffic, excellent visibility, and seamless access to major transportation corridors.

Surrounded by dense residential and commercial developments, the trade area boasts a population of ±411,863 residents within a 5-mile radius, with household incomes
averaging $72,305. The property is positioned within a high-demand corridor featuring national retailers, dining establishments, and entertainment venues. With close
proximity to Hughes Center’s 1.5MM SF of Class A office space, MSG Sphere, Formula 1 Headquarters, Las Vegas Convention Center, Vegas Loop transportation, and multiple
hospitality assets, the site enjoys a dynamic mix of local consumers, professionals, and tourists – providing unparalleled access to a thriving customer base in one of the
fastest-growing markets in the country.