Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Del Taco, a 2,435 square foot fast food restaurant located in North Las Vegas, NV.
Dustin R. Alvino and Andy Pasbakhsh, investment specialists at Marcus & Millichap’s Las Vegas office exclusively represented the seller in this transaction. The asset is located at 1616 E Lake Mead Blvd and sold for $2,150,000. The long-term lease includes a 20-year absolute net lease with 10% rent increases every five years. The newer 2017 construction offers 121′ of frontage on E Lake Mead, a major thoroughfare in North Las Vegas. Additionally, over 207,720 reside within a 3-mile radius of the subject property.
For more information regarding the sale of Del Taco or if you have any other questions relating to net lease investments, please do not hesitate to reach out to Dustin R. Alvino.
Dustin R. Alvino | (702) 215-7120
Andy Pasbakhsh | (702) 215-7106