Salad & Go Investment Opportunity | 6121 Craig Rd
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Salad & Go Investment Opportunity 6121 Craig Rd
1,000 SF Retail Building Las Vegas, NV 89130 £1,893,590 (£1,894/SF) 5.25% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Absolute NNN Ground Lease
- 45,000 Vehicles Per Day at intersection.
- 20 Year Corporate Guaranteed Lease
EXECUTIVE SUMMARY
The real estate is well positioned in the Northwest Quadrant at the intersection of Craig Road (25,430 VPD) and Rancho Drive (20,100VPD), in front of the City's newest EOS Fitness Gym. The asset includes sits on 0.7 acres and the Premises will be approximately 837 SF with a double drive thru. Salad and Go was founded in 2013 in Gilbert, Arizona. The cofounders asked chef Daniel Patino to help them develop the concept. Chef Patino remains executive chef for the brand. In March 2022, industry veteran Charlie Morrison joined Salad and Go as Chief Executive Officer (CEO) coming from WingStop. Since Morrison joined, the brand has expanded rapidly into major markets including the Dallas-Fort Worth Metroplex (DFW),Houston, Las Vegas and Oklahoma City while continuing to open locations in its home state of Arizona. Salad and Go is on track to have a total of 135 stores open by the end of 2023. In January 2024, CEO Charlie Morrison said it was on pace to continue to open up a restaurant a week and described his plans for thousands of locations.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease Sold
Property Type
Retail
Building Size
1,000 SF
Construction Status
Proposed
Price
£1,893,590
Price Per SF
£1,894
Net Initial Yield
5.25%
NOI
£99,413
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Lot Size
0.71 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 138-02-715-013 | Improvements Assessment | £0 |
| Land Assessment | £144,287 | Total Assessment | £144,287 |
PROPERTY TAXES
Parcel Number
138-02-715-013
Land Assessment
£144,287
Improvements Assessment
£0
Total Assessment
£144,287
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Salad & Go Investment Opportunity | 6121 Craig Rd
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