Del Taco

1616 E Lake Mead Blvd - North Las Vegas, NV
  • $2,667,000

Property Highlights

  • Secure Long-Term Lease with Publicly Traded Tenant (NYSE: TACO)
  • 20 year Absolute Net Leased Del Taco, 10% Rent Increases Every Five Years
  • Strategic Retail Location: Shadow Anchored by North Vista Hospital, a 177-Bed Community Hospital with ±750 employees
  • Other Nearby National Tenants Including Smith’s, La Bonita, Conn’s, El Super, CVS, and Starbucks
  • Newer 2017 Construction with Frontage on a Major Thoroughfare (121’ on Lake Mead Blvd)
  • Exposed to Over ±40,000 VPD (2019) on Lake Mead Blvd
  • Over 207,720 Reside within a 3-Mile Radius of the Property

Details

  • Price: $2,667,000
  • Year Built: 2017
  • Property Type: Single Tenant
  • Property Status: Under Contract

Additional details

  • Price/SF: $1,095
  • Cap Rate: 4.50%
  • Lot Size: 0.63 AC
  • Rentable Area: 2,435 SF
  • Parking Ratio: 14.37 / 1,000 SF
  • Zoning: Commercial
  • APN/Parcel ID:  139-23-601-028
  • Cross Streets: Lake Mead & Las Vegas Blvd
  • Address 1616 E Lake Mead Blvd
  • City North Las Vegas
  • State/county Nevada
  • Zip/Postal Code 89030

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