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4332 W Cactus Ave 2,325 SF Retail Building Las Vegas, NV 89141 $3,478,261 ($1,496.03/SF) 4.60% Cap Rate
Investment Highlights
- The asset comes with a 15 year original lease term with just under 13 years of lease term remaining. Contractual increases call for 10% every 5 years.
- Las Vegas is one of the world’s most visited destinations, drawing over 40 million annual visitors with a total economic impact exceeding $80 billion.
- From 2010 to 2020, the city experienced a staggering 20% population increase, ranking among the fastest-growing major metros in the U.S.
- Chipotle’s annual rent of $160,000 is below market. Average rents on new construction drive-thru buildings range between $180K-$200K.
- Las Vegas is the most populous city in Nevada with more than 650,000 residents and a metro population exceeding 2.3 million.
- Property sits conveniently with highly visible street frontage on Cactus Avenue with traffic counts exceeding 31,500 vehicles per day.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,325 SF
Building Class
B
Year Built
2023
Price
$3,478,261
Price Per SF
$1,496.03
Cap Rate
4.60%
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
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 177-30-812-003 | Improvements Assessment | $252,118 |
| Land Assessment | $285,405 | Total Assessment | $537,523 |
Property Taxes
Parcel Number
177-30-812-003
Land Assessment
$285,405
Improvements Assessment
$252,118
Total Assessment
$537,523
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4332 W Cactus Ave
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