2080 Warm Springs Rd Las Vegas, NV 89119
- Retail properties
- 2,325 SF
- 0.63 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2080 Warm Springs Rd
- Year built
- 2024
- Lot size
- 0.63 lot acres
- 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 restaurant located at 2080 E Warm Springs Rd, Las Vegas, NV 89119. The property sits on a 0.63-acre lot and boasts a Class A designation. Secured by a corporate guarantee from Chipotle (NYSE: CMG), this single-tenant net lease (NN+) offers a 15-year term commencing December 1, 2024, and expiring November 30, 2039. The lease includes four to five-year renewal options with a 10% rent increase every five years. The current asking price is $3,448,000, translating to a price per square foot of $1,483 and a 4.35% cap rate based on a current net operating income (NOI) of $150,000. The property's strong location, approximately two miles from the Las Vegas Strip and one mile from the Las Vegas International Airport, within a rapidly growing area of Clark County, contributes to its high investment potential. The building was constructed in 2024 and enjoys 100% occupancy. This is a 1031 exchange-eligible property. This offering provides a secure, low-maintenance investment with significant long-term growth potential in a high-demand market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.124
- Latitude
- 36.0577
