8030 Buffalo Dr Las Vegas, NV 89131

Property Details for 8030 Buffalo Dr

Year built

2024

Property size

2,325 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,325-square-foot Chipotle Mexican Grill located at 8030 N Buffalo Dr, Las Vegas, NV 89131. The property boasts a 15-year net lease (NN+) with a credit-rated, corporate-guaranteed tenant, ensuring long-term stability and predictable income. The lease commenced December 1st, 2024, and expires November 30th, 2039, with built-in rent bumps of 10% every five years. The property features a convenient drive-thru and is situated on a hard-signalized corner location, offering excellent visibility and accessibility. Its strategic placement across from Arbor View High School (3,500 students) provides a significant traffic driver. This Class A property, built in 2024, currently enjoys 100% occupancy and generates a Net Operating Income (NOI) of $155,000, resulting in a 4.35% cap rate. The asking price is $3,563,000, translating to $1,532 per square foot. The lease includes four to five-year renewal options, further enhancing the investment's long-term value. Located in North Las Vegas, one of Nevada's fastest-growing cities, this property benefits from a robust 2.6% annual population growth and a remarkable 22% population increase since 2010. This is a rare opportunity to acquire a high-performing, low-maintenance investment in a prime location within a rapidly expanding market. The property is offered as a 1031 exchange opportunity.