STNL Swig Drinks
15-YR Absolute NNN Ground Lease
Marketing description
Colliers is pleased to exclusively offer for sale a new construction single-tenant net-leased Swig Drinks located within a new retail development in North Las Vegas, NV. The property consists of a ±746 SF freestanding building that is situated on a ±1.02 AC parcel and benefits from a new 15-Year Absolute NNN ground lease. Swig Drinks is funded by Savory Restaurant Fund and the lease is guaranteed by Savory Swig Stores.
This newly constructed building is located at the high traffic signalized intersection of E. Craig Rd. and N. 5th St. and is strategically positioned to capture continually increasing traffic counts currently exceeding ±91,800 VPD. The building is ±2-miles west of the I-15 Freeway, adding an additional ±150,000 VPD.
The asset benefits from excellent co-tenant synergy with Circle K, WOW Car Wash, Houston TX Hot Chicken, Mountain Mike’s Pizza, and several other premier national co-tenants that are located in the trade area. The asset services a dense and underserved trade area with ±424,412 residents with an average household income of $86,869 within a 5-mile radius. Nearby daytime population exceeds ±367,624 and includes foot traffic from Nellis Air Force Base (±12,000 military/civilian personnel) and Cannery Hotel & Casino (±201 rooms).
Investment highlights
Absolute NNN Ground Lease | Long Term Guaranteed Lease
15-Year term with two 5-year extension terms
Absolute NNN ground lease with zero landlord responsibilities
10% rent increases every 5 years, including options
Strategic Location | Newly Opened Retail Amenities
Located within a new retail development on Craig Rd. with national co-tenants currently in development such as Circle K, WOW Car Wash, Houston TX Hot Chicken, and Mountain Mike’s Pizza
Other co-tenants within the trade area include Sam’s Club, Lowe’s, Texas Roadhouse, Starbucks, McDonald’s, Olive Garden, El Pollo Loco, BJ’s Brewhouse, Freddy’s, and many more
Nearby points of interest includes:
Nellis Air Force Base (±12,000 military & civilians)
Cannery Hotel & Casino (±201 rooms)
Las Vegas Motor Speedway
Proximity to I-15 Freeway (±150,000 VPD)
Hard Corner Intersection | High Growth Trade Area
High visibility from Craig Rd. with additional access from N. 5th Street
Signalized intersection with traffic counts exceeding ±91,800 VPD
Over 13,000 homes planned or under construction within a 5-mile radius
Dense and Underserved Demographics
The property services a dense and underserved immediate trade area with ±424,412 residents and an average household income of $86,869 within a 5-mile radius
Daytime population exceeds ±367,624 within 5-miles, including Nellis Air Force Base (±12,000 military and civilian personnel) and the Cannery Hotel and Casino (±201 rooms)
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