New Construction | STNL Denny's | $3.7M | 5.0% CAP

FOR SALE

STNL Denny's

5678 S. RAINBOW BLVD., LAS VEGAS, NV 89118

PROPERTY OVERVIEW

LOGIC Commercial Real Estate is pleased to offer the fee simple sale of a single tenant NNN lease Denny’s located in Las Vegas, NV. The property consists of a +/- 4,050 SF building situated on a +/- 0.72 AC parcel on S. Rainbow Blvd. and W. Russell Rd. with combined traffic counts in excess of +/- 66,500 CPD. This property services a desirable Southwest trade area consisting of +/- 360,684 residents with an average household income of +/- $78,952 within a 5-mile radius.

OFFERING PRICE
$3,700,000 MM

CAP RATE
5.0%

TOTAL SF
+/- 4,050 SF

INVESTMENT HIGHLIGHTS

NEW NNN LEASE:

• 20-year NNN Lease with two 5-year
renewal options.
• Denny’s (NASDAQ: DENN).
• Excellent operator with 40+ locations
across California, Colorado, and
Nevada.

NEW CONSTRUCTION BUILDING:

• Brand new 2020 construction.

STRATEGIC LOCATION:

• This asset is located in a highly visible
Southwest retail corridor.
• Nearby points of interest include:
• Spring Valley Hospital
(292 Beds + Future Expansion)
• Transitional Care & Rehabilitation
(160 Beds)
• Durango High School
(+/- 2,290 students)


	VIEW OFFERING MEMORANDUM

MALAN | MARCELLO | MARGULIS RETAIL & INVESTMENT ADVISORS

Malan | Marcello | Margulis Retail & Investment Advisors have experience specializing in development site selection, land acquisition, tenant representation, lender and special servicer representation along with investment sales. Contact us if you would like a broker’s price opinion of your property or assistance with underwriting your acquisition.