Current Use by Public Records
- Retail properties & Spaces
Property Details for 8030 Buffalo Dr
- Year built
- 2024
- Property type
- Retail properties & Spaces
- 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.26
- Latitude
- 36.3058
