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Investment Highlights
- Rare second-generation drive-thru opportunity
- Delivered vacant at closing
- Approximately 32,500 VPD along Charleston Boulevard
- Freestanding ±1,975 SF building
- Minutes from Downtown Las Vegas & Arts District | Near UMC, Las Vegas Medical District & UNLV School of Medicine
- Dense infill trade area with more than 534,000 residents within five miles
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire 1900 E. Charleston Boulevard, a freestanding ±1,975 square foot second-generation quick-service restaurant situated on 0.38 acres at the signalized southwest corner of E. Charleston Boulevard and Burnham Avenue in Las Vegas, Nevada.
Formerly operated as Rally's, the property is delivered 100% vacant, allowing an owner/operator, franchisee, or investor the flexibility to immediately occupy the building or lease it to a national, regional, or local operator.
Second-generation drive-thru opportunities remain among the most difficult retail assets to replicate due to entitlement challenges, rising construction costs, and lengthy development timelines. This property provides a rare opportunity to acquire an existing drive-thru with established infrastructure already in place, significantly reducing both development time and capital requirements.
The property enjoys outstanding visibility along Charleston Boulevard with approximately 32,500 vehicles per day while benefiting from dual access points, abundant parking, and exceptional corner exposure.
Located just minutes from Downtown Las Vegas, the Arts District, the Las Vegas Medical District, and UNLV School of Medicine, the site serves a dense daytime employment base as well as an established residential population exceeding 534,000 residents within five miles.
The immediate area continues to experience significant reinvestment, highlighted by the approximately $40 million redevelopment of the historic Huntridge Theater, bringing new entertainment, dining, and nightlife to the corridor and further strengthening long-term real estate fundamentals.
Whether utilized for a quick-service restaurant, coffee concept, beverage operator, drive-thru pharmacy, medical user, or specialty retailer, this highly functional building offers exceptional flexibility in one of Las Vegas' most established commercial corridors.
Formerly operated as Rally's, the property is delivered 100% vacant, allowing an owner/operator, franchisee, or investor the flexibility to immediately occupy the building or lease it to a national, regional, or local operator.
Second-generation drive-thru opportunities remain among the most difficult retail assets to replicate due to entitlement challenges, rising construction costs, and lengthy development timelines. This property provides a rare opportunity to acquire an existing drive-thru with established infrastructure already in place, significantly reducing both development time and capital requirements.
The property enjoys outstanding visibility along Charleston Boulevard with approximately 32,500 vehicles per day while benefiting from dual access points, abundant parking, and exceptional corner exposure.
Located just minutes from Downtown Las Vegas, the Arts District, the Las Vegas Medical District, and UNLV School of Medicine, the site serves a dense daytime employment base as well as an established residential population exceeding 534,000 residents within five miles.
The immediate area continues to experience significant reinvestment, highlighted by the approximately $40 million redevelopment of the historic Huntridge Theater, bringing new entertainment, dining, and nightlife to the corridor and further strengthening long-term real estate fundamentals.
Whether utilized for a quick-service restaurant, coffee concept, beverage operator, drive-thru pharmacy, medical user, or specialty retailer, this highly functional building offers exceptional flexibility in one of Las Vegas' most established commercial corridors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,975 SF
Building Class
C
Year Built
1991
Price
$1,550,000
Price Per SF
$784.81
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.38 AC
Zoning
C-1
Parking
20 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
50’ on 1900 E. Charleston Blvd.
Amenities
- Bus Line
- Corner Lot
- Signage
- Drive Thru
- Air Conditioning
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 162-02-501-002 | Improvements Assessment | $151,352 |
| Land Assessment | $52,142 | Total Assessment | $203,494 |
Property Taxes
Parcel Number
162-02-501-002
Land Assessment
$52,142
Improvements Assessment
$151,352
Total Assessment
$203,494
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