450 Decatur BlvdLas Vegas, NV 89107

For Sale
$2,761,000

High-traffic, NNN-leased Pollo Campero

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a newly constructed, 2,384 square foot Pollo Campero restaurant in Las Vegas, Nevada. The property boasts a 15-year absolute NNN ground lease with a corporate guarantee, ensuring minimal landlord responsibilities. Located at 450 S Decatur Blvd, this single-tenant building enjoys a prime location within the Decatur Commons mixed-use development, benefiting from high visibility and traffic counts exceeding 78,325 vehicles per day at the signalized intersection of S. Decatur Blvd. and Alta Dr. Further enhancing its accessibility, the property is conveniently situated off the US-95 Freeway, adding an additional 252,000 vehicles per day in traffic exposure. The building, constructed in 2024, sits on a 0.57-acre lot and is zoned for General Commercial (C-2). The property's strong performance is reflected in its 100% occupancy and a net operating income (NOI) of $145,000, yielding a 5.25% cap rate. The asking price is $2,761,000. Nearby amenities include approximately 1500 recently completed and fully leased multifamily units, along with other national retail tenants such as Starbucks, Wingstop, and L&L Hawaiian Barbecue, contributing to a robust and growing trade area. The lease includes 10% rental increases every five years. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a rapidly developing area of Las Vegas.

Highlights

  • 15-Year Absolute NNN ground lease with corporate guarantee and 10% rent increases every five years.
  • High-traffic location at a signalized intersection (78,325 VPD) and near US-95 Freeway (252,000 VPD).
  • Prime retail location near Starbucks, Wingstop, L&L Hawaiian Barbecue, and ~1500 recently completed apartments.
  • Strong trade area with significant recent multifamily development and high occupancy rates.

Property Details for 450 Decatur Blvd

Property type
Other retail properties, Individual retail properties
Square Feet
2,384 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
24,829 SF
Units
1

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.167522
Longitude
-115.206729
450 Decatur Blvd, Las Vegas, Nevada

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450 Decatur Blvd
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