| The asset comes with a 15 year original lease term with just under 13 years of lease term remaining. Contractual increases call for 10% every 5 years. |
| Chipotle’s annual rent of $160,000 is below market. Average rents on new construction drive-thru buildings range between $180K-$200K. |
| Las Vegas is one of the world’s most visited destinations, drawing over 40 million annual visitors with a total economic impact exceeding $80 billion. |
| Las Vegas is the most populous city in Nevada with more than 650,000 residents and a metro population exceeding 2.3 million. |
| From 2010 to 2020, the city experienced a staggering 20% population increase, ranking among the fastest-growing major metros in the U.S. |
| Property sits conveniently with highly visible street frontage on Cactus Avenue with traffic counts exceeding 31,500 vehicles per day. |
Brian Brockman
Bang Realty
