Starbucks
Retail | 5.00% CAP | 2,160 SqFt
Marketing description
Offered for sale is a brand-new, corporately guaranteed Starbucks® investment located at 3620 East Bonanza Road in Las Vegas, Nevada, an income-tax-free state. The property features a 10-year NN lease with Starbucks Corporation and opened in September 2023, showcasing Starbucks’ latest prototype design with strong curb appeal and modern construction.
The asset sits on a signalized hard corner with excellent visibility and access along East Bonanza Road, which sees approximately 26,740 vehicles per day, and is directly adjacent to a high-performing Smith’s grocery-anchored center. The surrounding trade area is densely populated, with over 536,000 residents within a five-mile radius, supported by strong household incomes and consistent retail demand.
This offering provides investors with a secure, passive income stream backed by one of the world’s most recognizable and creditworthy tenants. The lease structure includes 10% rental increases every five years, providing built-in income growth and an effective hedge against inflation. With new construction, a transferable roof warranty, and minimal landlord responsibilities, this property is ideally suited for 1031 exchange buyers and long-term investors seeking stability, predictability, and durable cash flow.
Investment highlights
Corporately Guaranteed Lease
10-year NN lease backed by Starbucks Corporation
No early termination clauses
Brand-New Construction
Opened September 29, 2023
Latest Starbucks prototype with modern finishes
10-year transferable roof warranty
Strong Initial Yield with Built-In Growth
Current NOI: $138,176
5.00% cap rate on in-place income
10% rent increases every 5 years
Average annual return projected at 5.25%
Prime Hard-Corner Location
Signalized intersection with 26,740 CPD
Excellent ingress/egress and visibility
Adjacent to Smith’s grocery anchor and national retailers
Dense and Growing Demographics
Over 536,000 residents within 5 miles
Projected population growth through 2028
Strong average household incomes
Proximity to Major Employment Driver
Located approximately 6 miles from Nellis Air Force Base
Nellis AFB employs over 15,000 military and civilian personnel
Significant economic contributor to the local market
Passive, Low-Management Investment
NN lease structure
Minimal landlord responsibilities
Fee simple ownership (land & building)
Ideal 1031 Exchange Replacement
National credit tenant
Long-term lease security
Predictable cash flow and inflation protection
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