Shake Shack | Ground Lease North Las Vegas, NV 89032

1830 West Craig Road
North Las Vegas, NV 89032

Price: $5,234,000
Cap Rate: 4.50%
NOI: $235,534
Building Size: Approx. 3,305 Sq. Ft.
Lot Size: Approx. 1.27 Acres
Type: Single-Tenant / Retail
Sub Category: Fast Casual
Year Built: 2023

Investment Overview

  • 2023 Construction. 3,305+/- SF Building on 1.27+/- Acre Site
  • Brand New 15 Year Ground Lease W/ 10% Rental Increases Every 5 Years, Including Option Periods
  • Near the Signalized Intersection of W Craig Rd (54,600+ VPD) & Camino Al Norte (35,400+ VPD)
  • New Prototype Featuring a Double Lane Drive-Thru, The Newest Store Concept Developed in Response to High Consumer Demand
  • Subject Property Is Located Across From North Mesa Plaza and Only 2 Miles From North Las Vegas Airport
  • Shake Shack Is One of the Fastest Growing Food Chains in the US – 440 Locations With $900M Revenue in 2022
  • Las Vegas  |  The Entertainment Capital of the World |  Population: 656,274+

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