- The tenant, Del Taco LLC, has over 12 years remaining on its lease with 4 (5-year) options to extend
- The lease features 10% increases every 5 years throughout the initial term and at the beginning of each option period
- The next rental increase will occur on 8/1/2027
Investment Offering
North Las Vegas, NV - Del Taco
1616 E. Lake Mead Boulevard | North Las Vegas, NV 89030
$2,640,000
Price5%
Cap Rate2,435 SF
± SF Building Size0.61
± AC Lot SizeDescription
Location
- The subject property is highly visible along E. Lake Mead Blvd (47,500 VPD)
- Direct on/off ramp access from I-15 (206,000 VPD)
- Near the signalized, hard corner intersection of E. Lake Mead Blvd and N. McDaniel St which features a pair of grocery-anchored centers: College Park shopping mall (3.4M+ annual visits) and Fiesta Plaza (2.9M+ annual visits)
- Retailers at the intersection include La Bonita Supermarkets, Ross, El Super grocery store, and QSR tenants Carl’s Jr., Chipotle, Taco Bell, and El Pollo Loco
- More than 500,200 residents and 234,000 employees support the trade area
- Developments in the immediate area include the $1.75 billion MLB stadium for the Oakland Athletics and the $380 million Hylo Park mixed-use project
- Situated 4 miles North of Las Vegas Boulevard which received 41.7 million+ visitors in 2024 and hosts over 150,000 hotel rooms across its luxury hotels
Documents & Links
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 Offering Memorandum |  |  |
Contact
Patrick Luther
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]