Hog & Tradition BBQ | Prime Retail Building with Drive-Thru
- $4,450,000
Hog & Tradition BBQ | Prime Retail Building with Drive-Thru
- $4,450,000
Property Highlights
Market Drivers Fueling Investment Growth
Unprecedented Population Growth: The Las Vegas-Henderson-Paradise metro area now exceeds 2.37 million residents, with net migration accounting for 88% of total population growth, driving strong demand for retail, office, and industrial properties.
Tourism & Hospitality Boom: In 2024, Las Vegas recorded over 41.6 million visitors, setting a new record. Harry Reid International Airport surpassed expectations with 58.4 million passengers, ensuring continued demand for retail, dining, and entertainment venues.
Industrial & Logistics Expansion: Las Vegas has become a major distribution and logistics hub, boasting over 160 million SF of industrial space and record-low 3.4% vacancy rates, attracting industry giants like Amazon, Tesla, and Kroger.
Economic & Business Strength: Henderson is home to corporate headquarters, tech firms, and high-end retail developments, providing a stable, diverse economic base for investors.
Henderson’s Retail Strength & Growth
Affluent & Expanding Customer Base: Henderson’s population of 345,496 residents has a median household income of $85,311, fueling consumer spending at shopping centers, restaurants, and entertainment venues.
Retail Growth & High Demand: The retail vacancy rate in Henderson is below 5%, with lease rates increasing by 6.2% year-over-year, reflecting strong demand from national and regional tenants.
Limited Supply, High Demand: As new commercial land becomes increasingly scarce, existing assets are in high demand, creating strong appreciation potential for investors.
Property Highlights: Turn-Key Restaurant with Drive-Thru
Prime Free-Standing Restaurant: 4,317 SF on 0.8 acres, move-in ready with existing restaurant infrastructure, saving substantial build-out costs.
High-Traffic Location: Situated at a signalized intersection (N Stephanie St & American Pacific Dr) with over 37,500 vehicles per day, ensuring maximum visibility and strong customer flow.
Superior Frontage & Visibility: 180 feet of frontage along N Stephanie St with excellent signage opportunities, capturing significant foot traffic and brand awareness.
Proximity to Major Retail & Freeways: Located 2 miles south of Galleria Mall at Sunset and 1 mile from the I-215 on/off-ramp, ensuring seamless access for local and destination traffic.
Surrounded by High-Performing National Retailers: Walmart, Goodwill, Panda Express, El Pollo Loco, Qdoba, and Dutch Bros are all nearby, attracting a consistent flow of consumers and creating strong retail synergy.
Dense & Affluent Demographics Supporting Sales Growth
8,510 homes within a 1-mile radius
Average household income: $102,974
124,203 people within a 3-mile radius, ensuring a large daytime population for breakfast, lunch, and dinner service.
Details
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Price $4,450,000
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Year Built 2004/2018
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Property Type Single Tenant
Additional Details
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Price/SF $1,030.81
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Cap Rate 5.57%
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APN 178-09-811-004
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Rentable Area 4,317 SF
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Lot Size 0.8 AC
Address
Open on Google Maps-
Address: 221 N Stephanie St
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City: Henderson
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State/county: Nevada
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Zip/Postal Code: 89074
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