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4332 W Cactus Ave 2,325 SF Retail Building Las Vegas, NV 89141 $3,555,555 ($1,529.27/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year NNN Lease - Long-term stability, 10% rental increases every 5 years, 4 (5-year) options, all backed by a Chipotle Corporate Guaranty
- Exceptional 2024 Performance - In 2024, Chipotle delivered standout financial results with total revenue up 14.6% to $11.3 billion.
- High Visibility: Minutes from I-15 with traffic counts over 150,000 VPD.
- Strong National Brand- Chipotle is a globally recognized fast-casual leader with a loyal customer base and a proven track record of driving consistent
- Top-Tier Tenant Credit & Long-Term Security - Backed by a Fortune 500–level corporation with strong financials, expanding footprint.
- Strong Local Demographics - 12,000+ residents within 1 mile and 116,000+ residents within 3 miles.
EXECUTIVE SUMMARY
Prime Chipotle investment featuring a 15-year NNN corporate lease with 10% rent increases every 5 years and four renewal options—providing long-term, passive income backed by a corporate guarantee. Chipotle continues to outperform the market, delivering 2024 revenue of $11.3B (+14.6%) and 7.4% same-store sales growth, reinforcing its strong credit and national brand power. The property is new construction (2023–2024) in a rapidly growing, high-income trade area adjacent to Southern Highlands. Exceptional visibility with 150,000+ VPD on I-15 and 31,500 VPD on W. Cactus Ave. Demographics:• 12,500 residents within 1 mile | Avg. HH income: $106K • 116,000 residents within 3 miles | Avg. HH income: $90K
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$160,000
|
$68.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$160,000
|
$68.82
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $160,000 |
| Annual Per SF | $68.82 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $160,000 |
| Annual Per SF | $68.82 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Year Built
2023
Price
$3,555,555
Price Per SF
$1,529.27
Cap Rate
4.50%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.60 AC
Zoning
C-2 - C-2 COMMERCIAL ZONING
Frontage
192’ on CACTUS
AMENITIES
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 177-30-812-003 | Improvements Assessment | $255,884 (2025) |
| Land Assessment | $260,432 (2025) | Total Assessment | $516,316 (2025) |
PROPERTY TAXES
Parcel Number
177-30-812-003
Land Assessment
$260,432 (2025)
Improvements Assessment
$255,884 (2025)
Total Assessment
$516,316 (2025)
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Presented by
Milestone Realty
4332 W Cactus Ave
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