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Starbucks | New 10yr Corp NN w/ Incrs 7670 S Durango Dr 907 SF Retail Building Las Vegas, NV 89113 $2,737,000 ($3,017.64/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Lease | Options To Extend | Brand New Construction | Scheduled Rental Increases
- Signalized, Hard-Corner Intersection (64,900 VPD) | Retail Corridor | Strong National/Credit Tenant Presence
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
EXECUTIVE SUMMARY
• The tenant, Starbucks Corporation, recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
907 SF
Building Class
B
Year Built
2025
Price
$2,737,000
Price Per SF
$3,017.64
Cap Rate
4.75%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.73 AC
Frontage
171’ on South Durango Drive
AMENITIES
- Restaurant
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 176-09-210-004 | Improvements Assessment | $11,470 |
| Land Assessment | $312,517 | Total Assessment | $323,987 |
PROPERTY TAXES
Parcel Number
176-09-210-004
Land Assessment
$312,517
Improvements Assessment
$11,470
Total Assessment
$323,987
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Starbucks | New 10yr Corp NN w/ Incrs | 7670 S Durango Dr
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