El Pollo Loco 274 W Lake Mead Pky 2,824 SF Retail Building Henderson, NV 89015 $2,662,000 ($942.63/SF) 5.25% Cap Rate

Located at 274 W Lake Mead Parkway in Henderson, Nevada, this 2,824-square-foot freestanding retail building sits on a prominent 30,056-square-foot corner lot within the highly desirable Lake Mead Crossing shopping center and is available for sale. The site offers approximately 55 on-site parking spaces, drive-through access, bus line access, and a dedicated turning lane, making it highly accessible for both customers and commuters.

274 W Lake Mead Parkway is leased to El Pollo Loco, a national tenant with more than 500 locations across the United States, offering strong credit quality and corporate-level assurance. The lease structure is completely passive with zero landlord responsibilities and features attractive 10% rent increases every five years. El Pollo Loco has operated at this location for more than 15 years, demonstrating a long-term commitment to the site. Store sales have increased year after year since 2023, reflecting a 6.9% increase over that period, further reinforcing the strength of the location and the tenant’s continued success.

Lake Mead Crossing is an award-winning, 57.5-acre Target-anchored shopping center that serves as a thriving retail destination in Henderson. The center is also home to Sprouts Farmers Market, PetSmart, Marshalls, Ulta, Discount Tire, Ross Stores, Hibbett Sports, Crunch Fitness, and several other national retailers, creating strong daily traffic and consistent consumer draw. The property is located blocks from St. Rose Dominican Hospital and Fremont Medical Center, to provide additional clientele. Additionally, it’s situated within a thriving tenant mix and strategically located at the gateway to multiple large, rapidly growing residential communities, including Cadence, Tuscany Village, Lake Las Vegas, and surrounding neighborhoods.

The site offers exceptional exposure to over 46,000 vehicles per day. Conveniently located between Interstate 11 and South Boulder Highway, this positioning provides tremendous regional access. The property offers strong signage opportunities, including pylon, monument, and building signage, for enhanced visibility. El Pollo Loco benefits approximately 223,448 residents and 87,242 households, with an average household income of $122,382 and a strong annual population growth rate of 2.41%, supporting long-term retail fundamentals in Henderson, Nevada.