Freestanding Drive-Through
For Sale
$1,495,000
1900 E Charleston Blvd, Las Vegas, NV 89104
Vacant corner property with dual access, on-site parking, and an existing drive-through configuration.
Property Size1,975 SF
Lot Size0.38 Acres
Price / SF$756.96
Days on Market47
Property Features for 1900 E Charleston Blvd
General Information
Standard status
Active
Size
1,975 SF
Lot size
0.38 Acres
Property subtype
Restaurant
Lease Type
NNN
Site & Location
Neighborhood
East Fremont
Drive-Thru
Yes
Traffic Count
32,500 vehicles/day
Amenities
Rare second-generation drive-thru opportunity
Freestanding ±1,975 SF building
Minutes from Downtown Las Vegas & Arts District | Near UMC, Las Vegas Medical District & UNLV School of Medicine
Dense infill trade area with more than 534,000 residents within five miles
SBA financing eligible (buyer to verify)
Building Details
Building Size
1,975 SF
Buildings
1
Listing Agency:
Marcus & Millichap - Las Vegas
Listed By:
Dustin Alvino · License #License(s): NV: BS.0143692, NJ: 2294556
(702) 215-7120
Source:
Marcusmillichap
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 26 at 12:44PM
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 Marcus & Millichap - Las Vegas
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding quick-service restaurant includes approximately 1,975 square feet on a 0.38-acre parcel. The building is vacant and was formerly operated as Rally's, with an existing drive-through layout, established site infrastructure, and on-site parking. Its configuration supports immediate occupancy by an owner-operator or leasing to another restaurant or drive-through user.
Positioned at the signalized southwest corner of E. Charleston Boulevard and Burnham Avenue, the property offers two access points and approximately 32,500 vehicles per day along Charleston Boulevard. The site is minutes from Downtown Las Vegas, the Arts District, the Las Vegas Medical District, and UNLV School of Medicine. The surrounding five-mile area includes more than 534,000 residents, along with a dense daytime employment base and established residential population.
Positioned at the signalized southwest corner of E. Charleston Boulevard and Burnham Avenue, the property offers two access points and approximately 32,500 vehicles per day along Charleston Boulevard. The site is minutes from Downtown Las Vegas, the Arts District, the Las Vegas Medical District, and UNLV School of Medicine. The surrounding five-mile area includes more than 534,000 residents, along with a dense daytime employment base and established residential population.
Key Highlights
- Approximately 1,975 square feet on 0.38 acres
- Existing drive‑through layout with established site infrastructure
- Signalized southwest corner of E. Charleston Boulevard and Burnham Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,771
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,420
$955.4K
Cap Rate 7%
$682,443
$682.4K
Cap Rate 9%
$530,789
$530.8K
Market Conditions
NOI Build-Up for 1,975 SF
Gross rent
$67.5K $34.20/SF
− Vacancy
−$3.9K −$1.95/SF
EGI
$63.7K $32.25/SF
− OpEx
−$15.9K −$8.06/SF
NOI
$47.8K $24.19/SF
Area
Las Vegas, NV
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,420
Cap Rate 7%
$682,443
Cap Rate 9%
$530,789
Alternative Uses
Best Use
Specialty Retail
$682.4K
$597.1K – $796.2K
NOI $47,771 @ 7.0% cap · market cap 3.20%
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
Current Use
Lease Details
32,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,293
Businesses Nearby
Explore this area
Business Placement
Demographics for 89104, NV
41,662
Population
16,704
Households
2.5
Avg Household Size
38
Median Age
15%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
7,309
Density / Sq Mi
$50,945
Median Household Income
$34,278
Median Earnings
$1,138
Median Rent
$298,700
Median Home Value
Market
Vacancy Rate% for Retail in Las Vegas, NV
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Vacant corner property with dual access, on-site parking, and an existing drive-through configuration.
Where is this drive through restaurant located?
The property is located at 1900 E Charleston Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Approximately 1,975 square feet on 0.38 acres; Existing drive‑through layout with established site infrastructure; Signalized southwest corner of E. Charleston Boulevard and Burnham Avenue
