Chick fil A Absolute NNN Ground Lease Offering 2480 S Rancho Dr, Las Vegas, NV Cap Rate 3.5% Las Vegas ( Nevada, US ) Built

$7,142,857 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Development Level: Built
  • Lot Size: 70000 sq. ft.

Description

Chick fil A Absolute NNN Ground Lease Offering 2480 S Rancho Dr, Las Vegas, NV Cap Rate 3.5%

Cap Rate: 3.5%
NOI: $250,000
Lot Area: 70,000 sqft
Lease Type: Ground

Price: $7,142,857 USD

DESCRIPTION
This subject offering is an extremely rare Las Vegas net leased offering. This is the opportunity to purchase the 100% fee simple interest in a long term absolute NNN Chick-fil-A ground lease. The lease structure is a 15 year initial term with 10% increases every 5 years with eight 5 year renewal options and 10% increases at each option. The lease is a pure NNN and requires zero landlord responsibilities. Chick-fil-A is the second largest quick service chicken restaurant in the country. The asset is irreplaceable real estate in Las Vegas and just off of the Las Vegas Freeway

HIGHLIGHTS
• New 15 Year NNN Ground Lease
• 100% Fee Simple Interest
• Zero Landlord Obligations
• Scheduled 10% Increases in Rent
• Easy Access and Excellent Visibility
• Premium Asset in Prime Location

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#439798884
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Information is deemed to be correct but not guaranteed.