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Chipotle 2080 E Warm Springs Rd

2,325 SF 4-Star Retail Building Las Vegas, NV 89119 $3,448,000 ($1,483/SF) 4.35% Cap Rate

Investment Highlights

  • Chipotle Mexican Grill, Inc. - (NYSE: CMG)- Strong Corporate Guaranty
  • A+ Real Estate Location - South Las Vegas - Located 2 Miles from Las Vegas Strip - Just South of Harry Reed International Airport
  • Income Tax Free State
  • Brand New 2024 High-Quality Construction - Build-to-Suit For Chipotle's Latest Prototype Design
  • Desirable Location - Strong Retail Corridor with other National Brands - Dense Residential and Commercial Market

Executive Summary

We are pleased to present the opportunity to acquire a Brand New 2024 Construction Chipotle Build-to-Suit with 15-years of term remaining. The Subject property features 10% rent increases every 5-years. Strong Chipotle (NYSE: CMG) Corporate guaranty. The property sits only 2-miles South of the Las Vegas Strip, and sits just South of Harry Reed International Airport.

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,325 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Construction Status
Under Construction
Price
$3,448,000
Price Per SF
$1,483
Cap Rate
4.35%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.63 AC
Zoning
CG - Commercial General
Parking
20 Spaces (8.6 Spaces per 1,000 SF Leased)
Frontage
156 FT on E Warm Springs Rd

Amenities

  • Signage
  • Drive Thru

Nearby Major Retailers

Walmart Neighborhood Market
Rent-A-Center
Dotty's
Scooter's Coffee
Green Valley Grocery
Chase Bank
Albertsons
Capriotti's
Heidi's Brooklyn Deli
Ping Pong

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
177-02-816-013
Land Assessment
$124,852
Improvements Assessment
$10,727
Total Assessment
$124,852
  • Listing ID: 33602392

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 2080 E Warm Springs Rd, Las Vegas, NV 89119

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