Former Drive-Thru Restaurant
For Sale
Contact for pricing
1426 E Lake Mead Pkwy, Henderson, NV 89015
Former drive-thru restaurant for sale with frontage on Lake Mead.
Property Size1,533 SF
Price / SF$782.78
Days on Market631
Property Features for 1426 E Lake Mead Pkwy
General Information
Standard status
Active
Size
1,533 SF
Property subtype
Retail
Zoning
Community Commercial (CC)
Investment Type
Owner/User
Building Details
Year Built
2008
Buildings
1
Listing Agency:
ROI Commercial Real Estate Inc
Listed By:
Dan Adamson · License #NV 26992
(702) 550-4934
Source:
Crexi
Added: Jan 23, 2025
Changed: Oct 12
Last Checked: Oct 16 at 7:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ROI Commercial Real Estate Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is an owner/user opportunity to purchase a former drive-thru restaurant. The property has frontage on Lake Mead Parkway, providing direct access to Cadence Village, Tuscany, Calico Ridge, and Lake Las Vegas communities. The property size is 1533 square feet.
Key Highlights
- Owner/user opportunity: ideal for business owners.
- Drive‑thru restaurant: Benefit from ready‑made infrastructure.
- High‑traffic location: Frontage on Lake Mead Parkway.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,591
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,820
$751.8K
Cap Rate 7%
$537,014
$537.0K
Cap Rate 9%
$417,678
$417.7K
Market Conditions
NOI Build-Up for 1,533 SF
Gross rent
$52.4K $34.20/SF
− Vacancy
−$2.3K −$1.50/SF
EGI
$50.1K $32.70/SF
− OpEx
−$12.5K −$8.17/SF
NOI
$37.6K $24.52/SF
Area
ZIP 89015
Vacancy
4.40%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,820
Cap Rate 7%
$537,014
Cap Rate 9%
$417,678
Alternative Uses
Best Use
Specialty Retail
$537.0K
$469.9K – $626.5K
NOI $37,591 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Dining 3%
Chevron
Shops & Services
10,042 visits/mo
0.2 miles
Terrible's Car Wash
Shops & Services
1,109 visits/mo
0.3 miles
SONIC Drive In
Dining
381 visits/mo
0.1 miles
Demographics for 89015, NV
41,203
Population
16,812
Households
2.5
Avg Household Size
41
Median Age
20%
College-Educated
89%
High-School Grad
37.3 sq mi
ZIP Area
1,105
Density / Sq Mi
$71,300
Median Household Income
$41,509
Median Earnings
$1,324
Median Rent
$373,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Former drive-thru restaurant for sale with frontage on Lake Mead.
Where is this drive through restaurant located?
The property is located at 1426 E Lake Mead Pkwy Henderson, NV.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Owner/user opportunity: ideal for business owners.; Drive‑thru restaurant: Benefit from ready‑made infrastructure.; High‑traffic location: Frontage on Lake Mead Parkway.
