STNL Better Buzz
15-Year Absolute NNN Lease
Marketing description
Colliers is pleased to exclusively offer the opportunity to acquire the leasehold interest (building ownership) in a new construction single-tenant net-leased Better Buzz with double drive-thru located in Las Vegas, NV. The property consists of a ±1,740 SF freestanding building and benefits from a 15-Year Absolute NNN lease, with four (4), five year options to extend.
This newly constructed Better Buzz is adjacent to St. Rose Dominican Hospital (326 beds, 3,400 employees), and a new construction Raising Cane’s. The site is just north of several new mixed-use developments, the historic Water Street District, and the America First Center, home to the Silver Knights hockey team.
Strategically located at the signalized intersection of E. Lake Mead Pkwy. and Water St., with combined traffic counts in excess of ±55,800 VPD, the site is 1-mile from the Interstate 11 and CC 215 Beltway interchange, which sees an additional ±293,100 VPD. The asset is well positioned within a high growth area of Henderson, NV, with national co-tenants within the area including Target, ROSS, Sprouts Market, Marshalls, ULTA, PetSmart, Walmart, and more.
Investment highlights
15-Year Absolute NNN Lease | Corporate Guaranteed Lease
Absolute NNN lease with zero landlord responsibilities
10% rental increases every 5 years, including options
Better Buzz Coffee Company, LLC – Corporate Guaranty
Favorable Master Ground Lease Terms
±35 Years remaining on base term with Two (2), Ten Year options
Master ground rent is prepaid through end of base term and both options
Excellent Visibility | Strong Traffic Counts
Strong visibility with frontage and pylon signage on E. Lake Mead Pkwy.
Situated at the signalized intersection of E. Lake Mead Pkwy. and Water St. with nearby traffic counts in excess of ±55,800 VPD
Minutes away from the CC 215 Beltway / Interstate 11 interchange with an additional ±293,100 VPD
High Growth Trade Area | Historic Water Street District
The asset services the Cadence master planned community, a 2,200 acre master planned community with ±13,000 residences
The City of Henderson recently purchased the nearby former Fiesta Henderson site (35 acres) with plans to develop a destination indoor sports and entertainment facility
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