Starbucks & T-Mobile

Starbucks & T-Mobile Net Lease Investment Opportunity
Las Vegas, NV MSA
Two-Tenant Retail | 9-Year NNN Leases

This offering presents a premier opportunity to acquire a two-tenant retail property leased to Starbucks and T-Mobile in the thriving Las Vegas Metropolitan Statistical Area. With both tenants operating under 9-year triple net (NNN) leases backed by strong national credit, this investment provides secure, predictable income with minimal management responsibilities. Strategically positioned along a high-traffic corridor in one of the nation’s fastest-growing markets, the property combines exceptional real estate fundamentals with nationally recognized tenants.

Location and Market Overview
The Las Vegas MSA, with more than 2.3 million residents, is one of the fastest-growing metropolitan areas in the United States. In addition to its reputation as a global tourist destination, Las Vegas benefits from a rapidly diversifying economy that includes healthcare, technology, logistics, and professional services. Strong job growth and consistent in-migration continue to drive residential and commercial development, bolstering retail demand.

The subject property is located along a major arterial roadway with daily traffic counts exceeding 52,000 vehicles. The surrounding trade area includes grocery-anchored centers, national retailers, dining establishments, and service providers, creating a highly desirable retail hub. Proximity to dense residential neighborhoods, schools, and employment centers ensures strong and steady consumer traffic.

Demographics
The property benefits from outstanding demographics. Within a three-mile radius, the population exceeds 95,000 residents with average household incomes above $87,000. Expanding to five miles, the population grows to more than 215,000, reflecting the density and affluence of the Las Vegas market. This consumer base aligns perfectly with Starbucks’ and T-Mobile’s core customer profiles, supporting long-term operational success.

Property Details
The property consists of a newly built, high-quality retail building totaling approximately 5,200 square feet on a 1.25-acre parcel. The design incorporates modern architectural elements, energy-efficient systems, and excellent curb appeal.

• Starbucks occupies approximately 2,800 square feet, including a drive-thru to capture both commuter and destination traffic. Starbucks’ strong brand recognition and consistent sales growth make it one of the most sought-after tenants in net lease investments.
• T-Mobile occupies approximately 2,400 square feet, offering retail sales and customer service for one of the largest wireless carriers in the United States.

The site provides ample parking, convenient ingress and egress, and excellent visibility from the main road, maximizing customer accessibility and traffic flow.

Fee simple ownership offers investors long-term stability and complete control of the underlying land and improvements.

Lease Structure and Tenant Guarantee
Both Starbucks and T-Mobile have 9 years remaining on their respective triple net (NNN) leases. Under the NNN structure, the tenants are responsible for property taxes, insurance, and maintenance, ensuring a truly passive investment opportunity.

Starbucks Corporation operates more than 38,000 stores worldwide and remains a leader in the global coffee and beverage industry. T-Mobile, one of the nation’s three largest wireless carriers, serves more than 100 million customers nationwide and continues to report strong financial performance. Both tenants provide reliable corporate-backed leases, delivering strong credit security for investors.

Surrounding Area and Trade Drivers
Las Vegas continues to experience rapid population growth and diversification of its economy. The property’s location benefits from its proximity to major employment hubs, retail centers, and residential developments. The combination of commuter traffic, local residents, and steady consumer demand for dining and telecommunications ensures strong performance for both Starbucks and T-Mobile.

Investment Highlights

• Two-tenant retail property leased to Starbucks and T-Mobile with 9 years remaining on NNN leases.
• Fee simple ownership of a 1.25-acre parcel with a modern, 5,200-square-foot building.
• Tenants responsible for all operating expenses, providing a truly passive income stream.
• Prime Las Vegas MSA location with daily traffic counts exceeding 52,000 vehicles.
• Strong demographics: more than 95,000 residents within three miles and over 215,000 within five miles, with average household incomes above $87,000.
• Surrounded by grocery anchors, national retailers, and dense residential communities.
• Corporate-backed leases from nationally recognized tenants with proven track records.
• Highly attractive for 1031 exchange buyers, REITs, institutional investors, and private equity firms.

Buyer Profile and Financing
This property is ideally suited for 1031 exchange buyers, REITs, family offices, institutional investors, and private equity firms seeking stable, long-term income with minimal management requirements. The corporate-backed leases and fee simple ownership structure provide excellent lender confidence and favorable financing opportunities.

Conclusion
This Starbucks and T-Mobile property in the Las Vegas MSA represents a best-in-class two-tenant net lease investment. Featuring 9 years of remaining term, corporate-backed NNN leases, and a prime location in one of the fastest-growing markets in the United States, the property offers investors secure, predictable income with strong long-term value potential.

Qualified investors are encouraged to request the offering memorandum, lease abstracts, and financial details.