Colliers Western Region
Domino's + Dunkin' Donuts Retail Pad

Domino's + Dunkin' Donuts Retail Pad

545 W Craig Rd.

North Las Vegas , NV 89032

$3,552,000
Asking Price
5.0%
Cap Rate
$177,566
NOI
4,002 SF
Gross Leasable Area
~0.90 ac
Acres
100%
Occupancy

Description

Colliers is pleased to exclusively offer for sale a two-tenant retail building with drive-thru 100% leased to Domino’s (NASDAQ: DPZ) and Dunkin Donuts located within Craig Promenade, a highly trafficked ±81,057 SF Smart & Final anchored neighborhood retail center in North Las Vegas.

The asset is well positioned within the dense and rapidly expanding Craig Road Corridor in North Las Vegas, Nevada, with over 280 feet of frontage along W. Craig Rd. (±46,500 VPD) just east of Revere St. (±10,400 VPD). The asset benefits from nearby co-tenancy including national retailers such as Walmart, Home Depot, Smart & Final, Smith’s, ALDI, Chick-fil-A, Starbucks, and more. Hylo Park, a large-scale mixed-use redevelopment, is currently under construction ±2-miles south of the property and is expected to bring over 925 permanent jobs and will include a 150-room hotel, 665 housing units and a 100K SF Vegas Golden Knights youth and recreational hockey facility.

Craig Promenade services a dense and underserved trade consisting of ±449,056 residents with an average household income of $90,441 within a 5-mile radius and benefits from proximity to Nellis Air Force Base (±12,000 military/civilian personnel) and the Cannery Hotel & Casino (±800 employees) with a nearby daytime population exceeding ±382,030 residents.

Offering Summary
Property TypeRetail
Asking Price$3,552,000
Sale Details
Cap Rate5.0%
NOI$177,566
Documents
Property Address
Property Details
Property TypeRetail
Gross Leasable Area (SF)4,002 SF
Occupancy100%
Lease TypeNNN
Year Built2019
ZoningGeneral Commercial (C-2)
APN139-03-314-006
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Deal Team

Adam Malan
Adam Malan
Vice Chair
NV RE Lic. 0063542
Deana Marcello
Deana Marcello
Executive Vice President
NV RE Lic. 174174