STNL Starbucks

Colliers is pleased to exclusively offer for sale a new construction single-tenant net leased Starbucks in Las Vegas, NV, located immediately east of the US-95 Freeway at the southwest corner of Rainbow Blvd. and Cheyenne Ave., boasting combined traffic counts in excess of ±242,300 VPD.

The property consists of a ±2,378 SF freestanding building with an updated prototype including a drive-thru and outdoor patio area. The building is well positioned within Cheyenne Commons – a ±361,486 SF Walmart, Floor & Décor, and Ross anchored power center that is 99% occupied within a highly coveted trade area. This newly built asset benefits from a 10-year lease with 10% rent increases every 5 years, including six (6) five (5) year options.

The asset services the dense and affluent Summerlin, Pueblo, and Desert Shores communities of northwest Las Vegas. The site is strategically located with strong nearby demand drivers such as MountainView Hospital, Cimarron High School, Santa Fe Hotel & Casino and Bettye Wilson Soccer Complex. The trade area consists of ±424,803 residents with an annual household income of ±$98,592 within a 5-mile radius. Cheyenne Commons has excellent access with 8 points of ingress and egress at two separate signalized intersections providing complete cross access and easy traffic flow throughout the entire property.