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Starbucks | New 10yr Corp NN 7690 S Durango Dr 907 SF Retail Building Las Vegas, NV 89113 $3,697,280 CAD ($4,076.38 CAD/SF) 4.91% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Lease | Options To Extend | Brand New Construction | Scheduled Rental Increases
- Signalized, Hard-Corner Intersection (64,900 VPD) | Retail Corridor | Strong National/Credit Tenant Presence
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
EXECUTIVE SUMMARY
• The tenant, Starbucks Corporation, recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
907 SF
Building Class
C
Year Built
2025
Price
$3,697,280 CAD
Price Per SF
$4,076.38 CAD
Cap Rate
4.91%
NOI
$181,386 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.72 AC
Zoning
C-1
Parking
27 Spaces (29.77 Spaces per 1,000 SF Leased)
Frontage
500’ on Durango Drive
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Starbucks
- Accommodation and Food Services
- 907 SF
- -
- Double Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Starbucks | Accommodation and Food Services | 907 SF | - | Double Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 176-09-210-005 | Improvements Assessment | $529,618 CAD |
| Land Assessment | $405,744 CAD | Total Assessment | $935,362 CAD |
PROPERTY TAXES
Parcel Number
176-09-210-005
Land Assessment
$405,744 CAD
Improvements Assessment
$529,618 CAD
Total Assessment
$935,362 CAD
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Starbucks | New 10yr Corp NN | 7690 S Durango Dr
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