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Views: 72 Updated: 01.29.24 Posted: 10.20.23 Status: Inactive

Summary

Price $4,995,000
Built/Renov 2015
Tenant Taco Bell
Cap Rate 4.40%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,677
Lease Start 01-01-2015
#Units 78
Price/SF $1,865.89
Expiration 12-31-2039
Tenant Type Fast Food/QSR
NOI $219,780
R. Term 15.0
Ownership Fee Simple
Rent/SF $82.10
Increases 1.0%/1/yrs
Pop 5Mi 218,709
Lot/AC 0.62
Options 4/5yrs/1%
AHHI 5Mi $80,847

Lease Highlights

  • Taco Bell has over 15 years remaining on the current lease term with 4 (5-year) options to extend
  • High performing location | Site is on pace for over $2.4MM in sales in 2023
  • Lease features 1% annual rental increase
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Silver State Bell, LLC

Location Description

Taco Bell enjoys excellent access and visibility along Prater Way, which sees a daily traffic count of 27,000 vehicles. The property is conveniently located within a 1.5-mile radius of Sparks High School, serving over 1,200 students. Moreover, it is in close proximity to The Outlets at Legends, a 1.2-million-square-foot open-air shopping and entertainment complex featuring a diverse array of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick service restaurant...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 21,039 90,226 227,323
2023 Total Population : 21,278 90,565 220,663
2023 Employed Civilian Pop : 10,071 43,681 106,251
2023 Total Businesses : 558 4,144 9,768
2023 Average Household Income : $ 79,229 $ 83,477 $ 82,980
2023 Total Consumer Spending : $ 611 M $ 2610 M $ 6406 M
2023 Median Age : 38 37 36
2023 Total Households : 8,819 35,767 88,017
2023 Pop Age 25+: Bachelor's Degree : 1,979 9,683 24,222
2023 Average Home Value : $ 437,254 $ 428,738 $ 434,020
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Prater Way E I St 2011 13,460 0.04 mi
E I St E Prater Way 2011 1,270 0.09 mi
E Prater Way E I St 2011 1,770 0.09 mi
E Prater Way E I St 2011 13,470 0.12 mi
Probasco Way E K St 2022 1,700 0.16 mi
E Prater Way N McCarran Blvd 2015 16,000 0.21 mi
Gleeson Way Bounty Ct 2022 500 0.23 mi
East Prater Way N McCarran Blvd 2022 14,700 0.25 mi
North McCarran Boulevard E Prater Way 2021 22,300 0.30 mi
NV 659 Parkside Dr 2022 22,500 0.30 mi

Listing Broker

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