Former Drive-Thru Restaurant
1426 E Lake Mead Pkwy Henderson, NV 89015
1426 E Lake Mead Pkwy, Henderson, NV, 89015
Contact for pricing
For Sale
Contact for pricing
Former drive-thru restaurant for sale with frontage on Lake Mead.
Property Size1,533 SF
Price / SF$782.78
Days on Market540
Property Features for 1426 E Lake Mead Pkwy
General Information
- Standard status
- Active
- Size
- 1,533 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing Agency
ROI Commercial Real Estate Inc
(702) 550-4934
Listed by
Dan Adamson · License #NV 26992
Source
Crexi
Added: Jan 23, 2025 Checked: Jul 17 at 4:48 am
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
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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.4k | $34.20 |
| − Vacancy | −$2.3k | −$1.50 |
| EGI | $50.1k | $32.70 |
| − OpEx | −$12.5k | −$8.17 |
| NOI | $37.6k | $24.52 |
1,533 SF · lease $34.20/SF/yr · vacancy 4.40% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sonic Drive-In
Restaurant
Similar For Sale Nearby
FAQs
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.
