Property Intro
This newly constructed 2025 Starbucks drive-thru offers a rare corporate-guaranteed investment opportunity in Las Vegas, Nevada. The property features a brand-new 10-year lease backed by Starbucks Corporation (S&P: BBB+), ensuring investment-grade credit strength. The lease provides 10% rent increases every five years throughout the primary term and option periods, offering investors long-term income growth. With a compact 900 SF building on 0.55 acres, this modern drive-thru-only prototype is designed to meet the growing demand for convenient, high-traffic coffee service.
Located at 3412 Boulder Highway, this freestanding Starbucks benefits from a prime, signalized hard-corner location with exposure to more than 72,000 vehicles per day at the intersection of Boulder Highway and E. Sahara Avenue. The property sits just 7 miles from the world-famous Las Vegas Strip and 3 miles from historic downtown, positioning it in the center of Las Vegas’ robust retail and entertainment corridors. Nearby anchors include Lowe’s, Smith’s Grocery, Walgreens, and Planet Fitness, with additional traffic drivers like Boulder Station Hotel & Casino, The Boulevard Mall, and the Las Vegas Convention Center. This corridor is also surrounded by multiple national car dealerships, schools, and residential developments, ensuring a steady stream of daily demand.
The trade area is defined by strong demographics, with more than 238,800 residents within a 3-mile radius and a combined daytime population of 429,600. Starbucks faces limited direct competition in this immediate submarket, making it one of the few standalone coffee concepts along the Boulder Highway corridor. In addition, Las Vegas’ expanding economy and tourism industry—welcoming over 42 million visitors annually—further support strong long-term performance. With excellent visibility, high traffic counts, and a secure corporate lease, this Starbucks represents a stable and strategic net lease investment in one of the nation’s most dynamic markets.