For Sale
$3,608,000

7950 Decatur BlvdNorth Las Vegas, NV 89084

New Taco Bell, 20-Year Lease, High Growth

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a brand-new, 1,800 square foot Taco Bell located at 7950 N Decatur Blvd, North Las Vegas, NV 89084. The property sits on a 0.49-acre lot and benefits from a 20-year absolute NNN lease commencing October 1, 2024, and expiring September 30, 2044, with four, five-year renewal options. The tenant, Taco Bell, is credit-rated, ensuring a stable income stream. The property boasts a 4.85% cap rate and a strong net operating income (NOI) of $175,000. The asking price is $3,608,000, translating to $2,004.44 per square foot. This Class A retail property is situated within the rapidly expanding Valley Vista Master Planned Community by D.R. Horton, a development encompassing over 2,600 acres and featuring 4,100 new homes, three parks, and extensive walking and biking paths. The location is strategically positioned as the main entry point to this thriving community. The Northwest Las Vegas submarket exhibits exceptionally low retail vacancy rates (1.8%), high barriers to entry, and limited developable commercial land. The surrounding area boasts an affluent demographic, with an average household income exceeding $117,440 within a one-mile radius. Nevada's status as one of nine states without personal income tax further enhances the investment's appeal. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a rapidly growing market. The property is zoned C-1.

Highlights

  • New construction Taco Bell with 20-year land and building ownership, eliminating landlord responsibilities; estimated opening in approximately 30 days.
  • Prime location at the main entrance to the new Valley Vista master-planned community (4,100 homes) developed by D.R. Horton.
  • Situated in the highly desirable Northwest submarket, boasting the lowest retail vacancy rate valley-wide at 1.8%.
  • Strong population growth projected for Las Vegas, exceeding other major U.S. markets, creating increased demand.
  • High barriers to entry due to limited developable commercial land and minimal competition within the Valley Vista community (2,600 acres, 21 communities, 3 parks).
  • High-growth submarket with limited competing retailers.

Property Details for 7950 Decatur Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
1,800 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
21,344 SF
Units
1

Location Insight

City
North Las Vegas
County
Clark
State
Nevada
Latitude
36.306128174944
Longitude
-115.20711454972
7950 Decatur Blvd, North Las Vegas, Nevada

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7950 Decatur Blvd
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