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El Pollo Loco 5688 S Rainbow Blvd 2,400 SF 4-Star Retail Building Las Vegas, NV 89118 $2,930,000 ($1,220.83/SF) 4.51% Cap Rate
Investment Highlights
- Absolute NNN Corp. ground lease. 10% rent increase every 5 years. Next Increase to $145,200( Cap Rate 4.95 ).
- Located in signalized corner in high-growth, high-volumn SW retail corridor.
- 14 plus years remaining with 4/5 year option.
Executive Summary
El Pollo Loco single tenant absolute NNN corp. ground lease located in Las Vegas, NV.
Initial 20 year term with 14 plus years remaining with 4/5 year option. 10% increase every 5 years including option period.
Next Increase to $145,200 ( 4.95 Cap Rate ) in year 2030.
Property consists of +/- 2400 sq/ft building on a +/- .83 acre parcel on S Rainbow Blvd. and W.Russell Rd.
Signalized intersection corner.
High-growth, high-volume retail corridor.
Initial 20 year term with 14 plus years remaining with 4/5 year option. 10% increase every 5 years including option period.
Next Increase to $145,200 ( 4.95 Cap Rate ) in year 2030.
Property consists of +/- 2400 sq/ft building on a +/- .83 acre parcel on S Rainbow Blvd. and W.Russell Rd.
Signalized intersection corner.
High-growth, high-volume retail corridor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2020
Price
$2,930,000
Price Per SF
$1,220.83
Cap Rate
4.51%
NOI
$132,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.83 AC
Zoning
C-2 - General Commercial
Parking
10 Spaces (4.17 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 163-26-413-008 | Improvements Assessment | $258,632 |
| Land Assessment | $361,912 | Total Assessment | $620,544 |
Property Taxes
Parcel Number
163-26-413-008
Land Assessment
$361,912
Improvements Assessment
$258,632
Total Assessment
$620,544
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El Pollo Loco | 5688 S Rainbow Blvd
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