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McDonald's | 8+yrs Remain Corp Abs NNN GL 4105 S Eastern Ave 3,207 SF Retail Building Las Vegas, NV 89119 $2,369,000 ($738.70/SF) 3.50% Cap Rate
Investment Highlights
- Over 8 Years Remaining | Corporate Signed Ground Lease | Scheduled Rental Increase | Below-Market Rents
- Signalized Hard Corner Intersection (87,500 VPD) | Las Vegas Strip |University of Nevada, Las Vegas
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Dense Population
Executive Summary
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased, McDonald’s investment property located in Las Vegas, Nevada. The tenant, McDonald’s, has over 8 years of lease term remaining with no remaining options and has operated at this location for over 30 years. The lease features a 12% rental increase in 2030, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
3,207 SF
Building Class
B
Year Built
2013
Price
$2,369,000
Price Per SF
$738.70
Cap Rate
3.50%
NOI
$82,908
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.50 AC
Zoning
C-2 - General Commercial
Parking
19 Spaces (5.92 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
McDonald's began in 1940 when Richard and Maurice McDonald opened a restaurant in California. The modern corporation formed in 1955 when Ray Kroc joined as a franchise agent and later purchased the company. Today, it operates numerous locations worldwide through a franchise model. While primarily a fast food chain, McDonald's also generates income from owning many restaurant properties. The company has maintained its core menu while adapting to international markets. McDonald's remains one of the most recognizable brands in the global food service industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 162-23-504-017 | Improvements Assessment | $271,562 |
| Land Assessment | $160,083 | Total Assessment | $431,645 |
Property Taxes
Parcel Number
162-23-504-017
Land Assessment
$160,083
Improvements Assessment
$271,562
Total Assessment
$431,645
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McDonald's | 8+yrs Remain Corp Abs NNN GL | 4105 S Eastern Ave
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