Absolute NNN McDonald's Ground
4105 S Eastern Avenue Las Vegas, NV 89119
New
4105 S Eastern Avenue, Las Vegas, NV, 89119
$2,369,000
For Sale
$2,369,000
Leased fee interest in an absolute NNN ground-leased McDonald’s with 8+ years remaining and a 12% rent increase in 2030.
Property Size3,207 SF
Price / SF$738.70
Days on Market2
Property Features for 4105 S Eastern Avenue
General Information
- Standard status
- Active
- Size
- 3,207 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2013
Properties For Sale
at 4105 S Eastern Avenue Contact us
Listing Agency
SRS Real Estate Partners Newport Beach
(808) 377-0765
Listed by
Michael Kaplan · License #01912215
(808) 377-0765
Source
Srsre
Added: Jul 17 Checked: Jul 18 at 4:25 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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
SRS Real Estate Partners, LLC is offering the leased fee interest (land ownership) in an absolute NNN ground-leased McDonald’s investment property. The tenant has more than 8 years of lease term remaining, with no remaining options, and has operated at this location for more than 30 years. The lease includes a 12% rental increase in 2030 and is structured as an absolute NNN arrangement with zero landlord responsibilities.
The restaurant is situated at a signalized, hard corner intersection of E. Flamingo Rd and S. Eastern Ave, which together average 87,500 vehicles per day. E. Flamingo Rd is described as a major retail thoroughfare serving the city of Las Vegas, and the asset is approximately 3 miles from the Las Vegas Strip.
This is a ground-leased McDonald’s property presented for acquisition of the leased fee interest under an absolute NNN structure.
The restaurant is situated at a signalized, hard corner intersection of E. Flamingo Rd and S. Eastern Ave, which together average 87,500 vehicles per day. E. Flamingo Rd is described as a major retail thoroughfare serving the city of Las Vegas, and the asset is approximately 3 miles from the Las Vegas Strip.
This is a ground-leased McDonald’s property presented for acquisition of the leased fee interest under an absolute NNN structure.
Key Highlights
- Leased fee interest in an absolute NNN ground‑leased McDonald’s (Year built 2013)
- McDonald’s tenant has over 8 years of lease term remaining with no remaining options; operated at the location for 30+ years
- Lease includes a 12% rental increase in 2030
Local Financial Insights For 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 | $109.7k | $34.20 |
| − Vacancy | −$6.3k | −$1.95 |
| EGI | $103.4k | $32.25 |
| − OpEx | −$31.0k | −$9.68 |
| NOI | $72.4k | $22.58 |
3,207 SF · lease $34.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.03M
$905.0K – $1.21M
NOI $72,399 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$969.6K – $1.29M
NOI $77,571 @ 7.0% cap · market cap 3.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
McDonald's
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Leased fee interest in an absolute NNN ground-leased McDonald’s with 8+ years remaining and a 12% rent increase in 2030.
Where is this nnn property located?
The property is located at 4105 S Eastern Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,369,000.
What are key features of this property?
This property features: Leased fee interest in an absolute NNN ground‑leased McDonald’s (Year built 2013); McDonald’s tenant has over 8 years of lease term remaining with no remaining options; operated at the location for 30+ years; Lease includes a 12% rental increase in 2030
