QSR with Drive-Thru
- $1,550,000
Property Highlights
- A true second generation drive thru, ready to go: Second generation drive thru space is hard to come by, and that is the real value here. The building, the lane, and the site work are already in place, and a buyer can take the existing equipment and any FF&E along with the deal. That means opening faster and at a meaningfully lower basis than starting from raw dirt. Could someone build a brand new drive thru in this submarket? Sure, it is possible. But once you factor in construction pricing, the entitlement and build timeline, and whether ground up even pencils on a corner like this, stepping into an existing, operating ready box is the smarter move for most operators. That is exactly what makes a clean second gen drive thru worth chasing.
- Hard corner exposure on a primary Charleston commuter route: The building anchors the southwest corner of Charleston Boulevard, one of the busiest east to west arterials in the central valley, with corner visibility and easy in and out. Comparable Charleston pads report traffic in the low thirty thousands of vehicles a day to the east, climbing toward forty thousand near the Main Street and Arts District corner. This is real, repeat, daily drive by demand, not a number propped up by a single rush hour.
- Dense, established rooftops already in place: You are buying into a fully built out trade area, not a growth story that may or may not show up. ZIP 89104 alone houses roughly 40,000 residents, and the surrounding five miles carry close to 5,000 people per square mile. The customers are already living here, eating here, and spending here. A young median age near 38 and a heavy renter base point straight at the kind of convenience and value driven demand a drive thru thrives on.
- Forty million dollars of new investment landing two blocks away: The historic Huntridge Theater at Maryland Parkway and Charleston is being brought back to life by Dapper Companies in a roughly forty million dollar restoration, with New York’s SoHo Playhouse signed on to run it. Plans call for an 1,150 seat concert hall plus additional theater, cabaret, restaurant, and bar space. When the doors open, it pours a steady stream of evening and weekend traffic directly into this immediate trade area, exactly the kind of catalyst that pulls a neighborhood up with it.
- Minutes from the Arts District and Downtown: The site sits roughly seven minutes from the Las Vegas Arts District, one of the fastest moving dining, nightlife, and entertainment scenes in the city, and the same distance from the Downtown core. Proximity to those districts adds demand on both the lunch shift and the late night, and it puts long term upward pressure on land value as reinvestment keeps marching east and west along Charleston.
- Wrapped by the Las Vegas Medical District workforce: Charleston is the spine of the Las Vegas Medical District, anchored by University Medical Center, Nevada’s only Level I Trauma Center and, as of 2026, the first and only Magnet recognized hospital in the state, alongside the UNLV School of Medicine and a cluster of surrounding clinics. That is a deep, recession resistant daytime population of shift workers, students, patients, and visitors who eat fast and eat often along this corridor.
- Own it instead of chasing space you cannot find: Because it delivers vacant, an owner operator or franchisee can move in now rather than fighting over the limited inventory in a market sitting near 4.3 percent retail vacancy. Owning fixes your occupancy cost, builds equity instead of paying someone else’s mortgage, and for qualified buyers opens the door to long term, low down payment SBA financing. Buyers should confirm eligibility with their lender. None of this is financial advice.
- Deep net lease demand backs up the value: Freestanding quick service and drive thru pads are among the most pursued net lease assets in the country. Single tenant quick service product traded at roughly a 5.68 percent average cap rate in 2025, with corporate and ground lease deals pricing well inside that and franchisee operated concepts generally in the high 5s to low 6s. Drive thru restaurants in particular keep drawing private and 1031 exchange capital on the strength of resilient, daypart driven sales. Nevada carries no state income tax, which historically pulls cap rates tighter than higher tax states. Translation: when an owner user is ready to do a sale leaseback or re tenant on a net lease, there is a deep, ready buyer pool waiting.
- A small, efficient footprint that fits almost anyone: At roughly 1,975 square feet, the basis stays low and the carrying costs stay light, while the box flexes across a long list of uses: quick service restaurant, coffee and beverage, drive thru pharmacy or clinic, specialty retail, or a service tenant. The compact pad and existing lane make it a clean target for national franchisees hunting a central valley location, and an easy re tenant on a net lease for an investor.
- Nevada keeps the wind at your back: No state income tax, a landlord friendly legal climate, and a metro that keeps adding residents, jobs, and visitors. Las Vegas runs on a 24 hour economy, downtown reinvestment keeps accelerating, and that combination has long rewarded well located, convenience oriented real estate. The fundamentals here are not a bet on the future. They are already on the ground.
Property Documents
OM - 1900 E Charleston Blvd - QSR with Drive Thru
Details
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Price $1,550,000
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Year Built 2015
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Property Type Single Tenant
Additional Details
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Price/SF $784.81
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APN 162-02-501-002
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Rentable Area 1,975 SF
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Lot Size 0.38 AC
Address
Open on Google Maps-
Address: 1900 E Charleston Blvd
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City: Las Vegas
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State/county: Nevada
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Zip/Postal Code: 89104
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