Starbucks Town Center

1260 N. Town Center Dr., Las Vegas, NV 89144

— Recently Sold • Represented Seller —


Size +/- 3,482 SF

Cap Rate 4.0%

Property Information

LOGIC Commercial Real Estate is pleased to exclusively offer for sale a newly redeveloped single-tenant net-leased Starbucks located within the Summerlin master planned community in Las Vegas, NV. The property consists of a +/- 3,482 SF freestanding building with an updated prototype including a drive-thru, indoor/outdoor patio, and dedicated parking for mobile order pick-up. The asset is strategically located on Town Center Dr. immediately south of Summerlin Parkway with combined traffic counts in excess of +/- 122,500 CPD. The property is within walking distance of several office parks, including the Capital One and Allegiant Travel corporate offices. Other nearby amenities include Summerlin Hospital (485 beds), Burger King, 7-Eleven, Lola’s, and 24 Hour Fitness.

The asset is strategically positioned to service the affluent communities of Tournament Hills, Eagle Hills, Canyons Fairways, The Ridges, Red Rock Country Club and Queensridge. The trade area consists of +/- 346,097 residents with an average household income of +/- $95,229 within a 5-mile radius. 1260 N. Town Center Dr. provides an investor the opportunity to own a trophy asset leased to an investment grade, internet resistant Tenant with a proven track record for success. Starbucks is the largest coffeehouse company in the world with over 31,000 stores spread across 80 countries, including approximately 14,600 in the United States, and over +/- 346,000 employees.