Property profile

3891 Flamingo Rd Las Vegas, NV 89103

OFF-MARKET
Turn key restaurants
Property ID
US62-0330507
4,143 SF 0.58 ac lot Built 2019
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple interest in a thriving Wahoo's Fish Tacos restaurant and 24/7 sports bar, located at 3891 West Flamingo Road in Las Vegas, Nevada. The 4,205 square foot, single-tenant property operates under an absolute triple-net (NNN) lease, eliminating all landlord responsibilities. The lease, initiated in 2019, boasts a 20-year initial term with three 5-year renewal options, providing significant long-term stability. The experienced franchisee, a successful Nevada operator with multiple Wahoo's locations, ensures consistent performance. This vibrant establishment features 15 video poker machines, enhancing its appeal and revenue streams. Strategically positioned near the intersection of West Flamingo Road and South Valley View Boulevard, the property benefits from exceptional visibility along a major thoroughfare with approximately 91,500 vehicles per day. Its proximity to the Las Vegas Strip, and major hotels and casinos including the Gold Coast, The Palms, and Rio, guarantees high foot traffic and a robust customer base. The property is zoned H-1 Limited Resort and Apartment/Entertainment Mixed Use, Clark County, and its location is further enhanced by neighboring nationally recognized tenants such as Walgreens, Chick-fil-A, Del Taco, and Denny's. The asking price is $6,195,000, representing a 5.00% cap rate. This is a rare opportunity to acquire a high-performing, passively managed investment in a prime Las Vegas location. The property's APN is 162-19-512-021.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2019
Construction FRAME
Total area 4,143 SF
Lot 0.58 ac (25,265 SF)
APN 162-19-512-021
UPID US62-0330507

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

3891 Flamingo Rd Las Vegas, NV 89103-4009
Las Vegas metro Census 2956 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.59M
Blend (final) Blend
$4.63M

Owner & transaction history

since 2025
Last sale
$5.2M
5 recorded transactions
2025
$5.2M
2022
Price N/A
2019
Price N/A
2019
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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