2080 Warm Springs RdLas Vegas, NV 89119

For Sale
$3,448,000

High-yield Chipotle, 15-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,325-square-foot Chipotle Mexican Grill restaurant located at 2080 E Warm Springs Rd, Las Vegas, NV 89119. The property sits on a 0.63-acre lot and boasts a Class A designation. Secured by a corporate guarantee from Chipotle (NYSE: CMG), this single-tenant net lease (NN+) offers a 15-year term commencing December 1, 2024, and expiring November 30, 2039. The lease includes four to five-year renewal options with a 10% rent increase every five years. The current asking price is $3,448,000, translating to a price per square foot of $1,483 and a 4.35% cap rate based on a current net operating income (NOI) of $150,000. The property's strong location, approximately two miles from the Las Vegas Strip and one mile from the Las Vegas International Airport, within a rapidly growing area of Clark County, contributes to its high investment potential. The building was constructed in 2024 and enjoys 100% occupancy. This is a 1031 exchange-eligible property. This offering provides a secure, low-maintenance investment with significant long-term growth potential in a high-demand market.

Highlights

  • Fee-simple ownership of a brand-new, 2,325 SF Chipotle (NYSE: CMG) restaurant with a drive-thru.
  • Prime South Las Vegas location, two miles from the Las Vegas Strip and one mile from McCarran International Airport.
  • Strong investment opportunity in a rapidly growing market; Las Vegas is among the fastest-growing US metro areas.

Property Details for 2080 Warm Springs Rd

Property type
Other retail properties, Restaurants
Square Feet
2,325 SF
Class
A
Year Built
2024
Buildings
1
Lot Size (sq. ft)
27,443 SF
Units
1

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.0576948
Longitude
-115.1243561
2080 Warm Springs Rd, Las Vegas, Nevada

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2080 Warm Springs Rd
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