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Domino's + Dunkin' Donuts 545 W Craig Rd 4,002 SF 100% Leased Retail Building North Las Vegas, NV 89032 $3,552,000 ($887.56/SF) 5% Cap Rate
Investment Highlights
- National Tenants: Domino’s (NASDAQ: DPZ) and Dunkin’ Donuts
- Over 280 Feet of Frontage on W. Craig Rd with Traffic Counts Exceeding (±56,900 VPD)
- Strategically Located in close proximity to the I-15 Freeway (±150,000 VPD)
- Ease of Management | NNN Leases
- Craig Promenade provides Convenient Access with 8 points of Ingress/Egress
- Nearby National Tenants include Smart & Final, Chuck E. Cheese, Goodwill, 7-Eleven, Dash Car Wash, Popeyes, Cheba Hut, Dairy Queen and more
Executive Summary
Colliers is pleased to exclusively offer for sale a two-tenant retail building with drive-thru 100% leased to Domino’s (NASDAQ: DPZ) and Dunkin Donuts located within Craig Promenade, a highly trafficked ±81,057 SF Smart & Final anchored neighborhood retail center in North Las Vegas.
The asset is well positioned within the dense and rapidly expanding Craig Road Corridor in North Las Vegas, Nevada, with over 280 feet of frontage along W. Craig Rd. (±46,500 VPD) just east of Revere St. (±10,400 VPD). The asset benefits from nearby co-tenancy including national retailers such as Walmart, Home Depot, Smart & Final, Smith’s, ALDI, Chick-fil-A, Starbucks, and more. Hylo Park, a large-scale mixed-use redevelopment, is currently under construction ±2-miles south of the property and is expected to bring over 925 permanent jobs and will include a 150-room hotel, 665 housing units and a 100K SF Vegas Golden Knights youth and recreational hockey facility.
Craig Promenade services a dense and underserved trade consisting of ±449,056 residents with an average household income of $90,441 within a 5-mile radius and benefits from proximity to Nellis Air Force Base (±12,000 military/civilian personnel) and the Cannery Hotel & Casino (±800 employees) with a nearby daytime population exceeding ±382,030 residents.
The asset is well positioned within the dense and rapidly expanding Craig Road Corridor in North Las Vegas, Nevada, with over 280 feet of frontage along W. Craig Rd. (±46,500 VPD) just east of Revere St. (±10,400 VPD). The asset benefits from nearby co-tenancy including national retailers such as Walmart, Home Depot, Smart & Final, Smith’s, ALDI, Chick-fil-A, Starbucks, and more. Hylo Park, a large-scale mixed-use redevelopment, is currently under construction ±2-miles south of the property and is expected to bring over 925 permanent jobs and will include a 150-room hotel, 665 housing units and a 100K SF Vegas Golden Knights youth and recreational hockey facility.
Craig Promenade services a dense and underserved trade consisting of ±449,056 residents with an average household income of $90,441 within a 5-mile radius and benefits from proximity to Nellis Air Force Base (±12,000 military/civilian personnel) and the Cannery Hotel & Casino (±800 employees) with a nearby daytime population exceeding ±382,030 residents.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,002 SF
Building Class
B
Year Built
2019
Price
$3,552,000
Price Per SF
$887.56
Cap Rate
5%
NOI
$177,566
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
0.90 AC
Zoning
C-2 - General Commercial
Frontage
280’ on Craig Rd
Amenities
- Bus Line
- Dedicated Turn Lane
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 139-03-314-006 | Improvements Assessment | $161,491 |
| Land Assessment | $233,264 | Total Assessment | $394,755 |
Property Taxes
Parcel Number
139-03-314-006
Land Assessment
$233,264
Improvements Assessment
$161,491
Total Assessment
$394,755
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Domino's + Dunkin' Donuts | 545 W Craig Rd
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