808 East Flamingo Road Retail
  • Asking Price
    $6MAsking Price
  • Cap Rate
    6.28%Cap Rate
  • NOI
    $375KNOI
  • Gross Leasable Area
    2,900 SFGross Leasable Area
  • Year Built
    2025Year Built
  • Occupancy
    100%Occupancy

Description

The Costa Vida property is a newly constructed, approximately 2,900-square-foot restaurant with a double drive-through at Flamingo Road and University Center Drive in Las Vegas. Colliers is offering the single-tenant investment. A 15-year absolute NNN lease with a corporate guaranty is identified in the marketing materials.

Reported intersection traffic exceeds approximately 69,900 vehicles daily. The location is near UNLV, the Strip, Harry Reid International Airport and Hughes Center, with the Sphere, convention center and other resort destinations in the surrounding area. The five-mile trade area has approximately 413,572 residents and average household income of $81,648. Buyers can review the lease, guaranty and tenant obligations with the listing team.

Offering Summary

  • Asking Price
    $5,975,000
  • Property Type
    Retail
  • Occupancy
    100%
  • Built
    2025
  • Total Acres
    ~1.70 ac

Sale Details

  • Cap Rate
    6.28%
  • NOI
    $375,000

Documents

Property Address

808 East Flamingo Road
Las Vegas , NV 89119

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2025
  • Lease Type
    Absolute Net
  • Zoning
    Commercial General (CG)
  • APN
    162-15-803-008
  • Gross Leasable Area
    2,900 SF
  • Available GLA
    2,900 SF
  • Acres
    1.70

Deal Team

Adam Malan profile image

Adam Malan

Vice Chair
Colliers
NV RE Lic. 0063542
Deana Marcello profile image

Deana Marcello

Executive Vice President
Colliers
NV RE Lic. 174174