1870 W Craig Rd
North Las Vegas, NV 89031
Red Lobster · Retail Property For Sale

This Red Lobster property is situated on West Craig Road, which experiences an average daily traffic count of 37,740 vehicles. Martin Luther King Boulevard intersects with West Craig Road, which boasts average daily traffic counts of 30,180. There are nearly 20,000 individuals residing within a three-mile radius of the property and more than 157,000 individuals within a five-mile radius. This Red Lobster property is located in an affluent community, where the average household income within a three-mile radius is over $70,000. The subject property benefits from its positioning in a rapidly growing market. In 2012, new commercial and industrial construction valuation was $18 million dollars. In 2017, led by companies such as Amazon and Sephora, new construction was valued at $188 million. This Red Lobster benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping malls, and airports all within close proximity of this property. Major national tenants in the area include: Walmart, The Home Depot, Big Lots, Walgreens, CVS Pharmacy, Office Depot, McDonald’s, Wendy’s, Taco Bell, Arby’s, Popeye’s, Panda Express, Ihop, Starbucks, Applebee's as well as many others. This Red Lobster also benefits from its close proximity to the Las Vegas Strip, which is located approximately eight-miles away from the subject property. Las Vegas, officially the City of Las Vegas and often known simply as Vegas, is the 28th-most populated city in the United States, the most populated city in the state of Nevada, and the county seat of Clark County. The city bills itself as The Entertainment Capital of the World, and is famous for its mega casino–hotels and associated activities. It is a top three destination in the United States for business conventions and a global leader in the hospitality industry, claiming more AAA Five Diamond hotels than any other city in the world. Las Vegas is Nevada’s economic center and largest city. Its metropolitan area, with more than twice the number of people outside the city limits as within them, contains roughly three-fourths of the state’s population. Since the 1990’s, Las Vegas has had one of the fastest growing employment bases in the country, benefiting from a large labor pool and from a favorable business climate. These conditions enabled city promoters to entice businesses of all kinds to choose Las Vegas over California. The growth of tourism has been phenomenal. In addition, trade shows and conventions account for an ever-growing portion of tourism revenues. The Las Vegas Convention Center is one of the largest such facilities in the country.