Chipotle | 2080 E Warm Springs Rd
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Chipotle 2080 E Warm Springs Rd
2,325 SF 4-Star Retail Building Las Vegas, NV 89119 £2,720,472 (£1,170/SF) 4.35% Net Initial Yield
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
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Construction Status
Under Construction
Price
£2,720,472
Price Per SF
£1,170
Net Initial Yield
4.35%
NOI
£118,350
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
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
PROPERTY TAXES
Parcel Number | 177-02-816-013 | Improvements Assessment | £8,464 |
Land Assessment | £98,508 | Total Assessment | £98,508 |
PROPERTY TAXES
Parcel Number
177-02-816-013
Land Assessment
£98,508
Improvements Assessment
£8,464
Total Assessment
£98,508
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Chipotle | 2080 E Warm Springs Rd
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