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Starbucks 3412 Boulder Hwy 900 SF Retail Building Las Vegas, NV 89121 $4,501,992 CAD ($5,002.21 CAD/SF) 5% Cap Rate
Investment Highlights
- CORPORATE STARBUCKS LEASE GURANTY – INVESTMENT GRADE CREDIT - BRAND NEW 10-YEAR LEASE
- HIGH POPULATION DENSITY – STRONG DAYTIME WORKFORCE – DAYTIME POPULATION OF 429,600 WITHIN 3-MILE RADIUS
- NATIONAL RETAIL SYNERGY – LOCATED NEAR MANY LAS VEGAS ATTRACTIONS & DESTINATIONS
- HIGH TRAFFIC INTERSECTION AT BOULDER HWY & E SAHARA AVE – PROXIMITY TO I-11 (140,000 VPD) 3-MILES TO LAS VEGAS STRIP
- STRATEGIC MARKET LOCATION – LIMITED DIRECT COMPETITION
Executive Summary
This brand new 2025 construction features a single-tenant, drive-thru only Starbucks on a new ten (10) year corporate lease with 10% rent increases every five years, and four (4) additional five (5) year extension options. The lease is backed by a corporate guaranty and includes minimal landlord responsibilities, with new construction warranties providing added security.
The property is well-positioned on Boulder Highway, which sees over 72,000 vehicles per day, offering strong visibility and accessibility. Located just three miles south of Historic Downtown Las Vegas and six miles from the Las Vegas Strip, this Starbucks is ideally situated to capture both local and tourist traffic.
The property is well-positioned on Boulder Highway, which sees over 72,000 vehicles per day, offering strong visibility and accessibility. Located just three miles south of Historic Downtown Las Vegas and six miles from the Las Vegas Strip, this Starbucks is ideally situated to capture both local and tourist traffic.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Building Size
900 SF
Building Class
B
Year Built
2025
Price
$4,501,992 CAD
Price Per SF
$5,002.21 CAD
Cap Rate
5%
NOI
$225,100 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.55 AC
Zoning
H2 - Commercial General (CG)
Frontage
228’ on Boulder Highway
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Jul 2035
Starbucks began in 1971 as a coffee business in Seattle, where the company first sold coffee beans and related equipment before evolving into a broader coffeehouse brand. The business now focuses on responsibly sourced arabica coffee, company-operated and licensed coffeehouses, and a growing consumer-packaged goods presence. Starbucks has built a wide market presence around specialty coffee, with offerings that span brewed drinks, espresso-based beverages, food, and retail products distributed through its store network and packaged-goods channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | Jul 2035 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
Contacts
-
Jonathan Selznick -
Jake Neufeld -
Ryan Bennett -
Drew Olson -
Lee & Associates Commercial Real Estate Services
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Starbucks | 3412 Boulder Hwy
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