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 TypeRetail
- Occupancy100%
- Built2025
- Total Acres~1.70 ac
Sale Details
- Cap Rate6.28%
- NOI$375,000
Documents
Property Address
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




