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31663665
31663666

4650 S Maryland Pkwy, Las Vegas, NV 89119

MR
AZ SA550593000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Phoenix
$3,722,200
53 days on market
Updated 53 days ago

Bojangles Ground Lease @ UNLV Campus - 20 Yr Lease

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,166
Cap Rate 4.5%
NOI $167,500
Occupancy 100%
Tenancy Single
Brand/Tenant Bojangles
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 10/11/2045
Remaining Term 19.4
Rent Bumps Yes
Lease Options 8, 5 Year Options
Price per SqFt $1,176
Year Built 2025
Acreage 0.460
Investment Type Net Lease
Lease Commencement 10/12/2025
Ground Lease Yes

Abs NNN | 4.50% CAP | 3,166 SqFt

Marketing description

Bojangles is an American regional chain of fast food restaurants that specializes in Cajun-seasoned fried chicken and buttermilk biscuits and primarily serves the Southeastern United States. The company was founded in Charlotte, North Carolina in 1977 by Jack Fulk and Richard Thomas. In 2023, the brand unveiled a refreshed growth strategy and has continued to open new stores across the country.

The Las Vegas-Henderson-Paradise MSA is one the fastest-growing metros in the nation, with a population of more than 2.3 million. Known as The Entertainment Capital of the World, Las Vegas is an internationally renowned major resort city, regarded for its gambling, shopping, fine dining, entertainment, and nightlife. It is a top three destination in the United States for business conventions and a global leader in the hospitality industry, claiming more AAA Five Diamond hotels than any other city in the world.

Investment highlights

  • Brand-New 20 Year Absolute Triple-Net (NNN) Ground Lease with Zero Landlord Responsibilities
  • New 2026 High-Quality Construction with a Drive-Thru
  • Within Five Miles of the Vegas Strip, Harry Reid International Airport, and Downtown Las Vegas
  • Immediate Proximity to UNLV (University of Nevada, Las Vegas), Total Enrollment Exceeding 33,700 Students as of Fall 2025
  • Over 416,600 Residents in a Five-Mile Radius, Daytime Population of Approximately 719,100
  • Excellent Frontage and Accessibility Along S Marylnd Pkwy (Over 32,500 Vehicles per Da) Providing Easy Access to US I-15 (Over 288,000 Vehicles per Day)
  • Located in a Dense Retail Corridor With Tenants Including In-N-Out, McDonald’s, Firehouse Subs, Jack-in-the-Box, and More

Listing Contacts

MR
AZ SA550593000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Phoenix

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$167,500.00
$13,958.33/mo

Valuation Metrics

0
DSCR
4.5%
Cap Rate
4.5%
ROI

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Additional Information

Name
Frank Cameron Glinton
License
B.1002894.CORP
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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