3891 Flamingo RdLas Vegas, NV 89103

For Sale
$6,195,000

Prime NNN Leased Restaurant; High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple interest in a thriving Wahoo's Fish Tacos restaurant and 24/7 sports bar, located at 3891 West Flamingo Road in Las Vegas, Nevada. The 4,205 square foot, single-tenant property operates under an absolute triple-net (NNN) lease, eliminating all landlord responsibilities. The lease, initiated in 2019, boasts a 20-year initial term with three 5-year renewal options, providing significant long-term stability. The experienced franchisee, a successful Nevada operator with multiple Wahoo's locations, ensures consistent performance. This vibrant establishment features 15 video poker machines, enhancing its appeal and revenue streams. Strategically positioned near the intersection of West Flamingo Road and South Valley View Boulevard, the property benefits from exceptional visibility along a major thoroughfare with approximately 91,500 vehicles per day. Its proximity to the Las Vegas Strip, and major hotels and casinos including the Gold Coast, The Palms, and Rio, guarantees high foot traffic and a robust customer base. The property is zoned H-1 Limited Resort and Apartment/Entertainment Mixed Use, Clark County, and its location is further enhanced by neighboring nationally recognized tenants such as Walgreens, Chick-fil-A, Del Taco, and Denny's. The asking price is $6,195,000, representing a 5.00% cap rate. This is a rare opportunity to acquire a high-performing, passively managed investment in a prime Las Vegas location. The property's APN is 162-19-512-021.

Highlights

  • $6,195,000 asking price for a 4,205 SF Wahoo's Fish Tacos restaurant.
  • Absolute triple-net (NNN) lease with zero landlord responsibilities.
  • 24-hour quick-service restaurant (QSR) and sports bar with 15 video poker machines.
  • 20-year lease (commencing 2019) with three 5-year options; experienced Nevada operator with multiple Wahoo's locations.
  • Prime West Flamingo Road location, less than two miles from the Las Vegas Strip, near major hotels and casinos, with high visibility.

Property Details for 3891 Flamingo Rd

Property type
Other retail properties, Restaurants
Square Feet
4,205 SF
Year Built
2019
Buildings
1
Stories
1

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1151503
Longitude
-115.1922258
3891 Flamingo Rd, Las Vegas, Nevada

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3891 Flamingo Rd
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