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Bojangles - Abs NNN Leasehold 9250 S Rainbow Blvd 3,112 SF Retail Building Las Vegas, NV 89139 $3,950,000 ($1,269.28/SF) 7.88% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Options To Extend | Scheduled Rental Increases
- Signalized, Hard-Corner Intersection (74,800 VPD) | Strong National/Credit Tenant Presence
- Absolute NNN | Leasehold - Building Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the LEASEHOLD INTEREST (BUILDING OWNERSHIP) in an absolute NNN leased, Bojangles investment property located in Las Vegas, Nevada. The tenant recently signed a brand new 20-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 variable increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
3,112 SF
Building Class
B
Year Built
2025
Price
$3,950,000
Price Per SF
$1,269.28
Cap Rate
7.88%
NOI
$311,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.20 AC
Zoning
C-2 - General Commercial District
Parking
33 Spaces (10.52 Spaces per 1,000 SF Leased)
Frontage
312’ on Blue Diamond Road
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 176-23-210-009 | Improvements Assessment | $337,115 |
| Land Assessment | $790,353 | Total Assessment | $1,127,468 |
Property Taxes
Parcel Number
176-23-210-009
Land Assessment
$790,353
Improvements Assessment
$337,115
Total Assessment
$1,127,468
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Bojangles - Abs NNN Leasehold | 9250 S Rainbow Blvd
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