Bojangles Ground Lease Unlv Campus 20 Yr Lease — Sale in Las Vegas, NV

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Las Vegas, NV 89119

Investment Figures

Cap rate
4.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Bojangles is an American regional chain of fast food restaurants that specializes in Cajun-seasoned fried chicken and buttermilk biscuits and primarily serves the Southeastern United States. The company was founded in Charlotte, North Carolina in 1977 by Jack Fulk and Richard Thomas. In 2023, the brand unveiled a refreshed growth strategy and has continued to open new stores across the country. The Las Vegas-Henderson-Paradise MSA is one the fastest-growing metros in the nation, with a population of more than 2.3 million. Known as The Entertainment Capital of the World, Las Vegas is an internationally renowned major resort city, regarded for its gambling, shopping, fine dining, entertainment, and nightlife. It is a top three destination in the United States for business conventions and a global leader in the hospitality industry, claiming more AAA Five Diamond hotels than any other city in the world. Investment Highlights: • Brand-New 20 Year Absolute Triple-Net (NNN) Ground Lease with Zero Landlord Responsibilities • New 2026 High-Quality Construction with a Drive-Thru • Within Five Miles of the Vegas Strip, Harry Reid International Airport, and Downtown Las Vegas • Immediate Proximity to UNLV (University of Nevada, Las Vegas), Total Enrollment Exceeding 33,700 Students as of Fall 2025 • Over 416,600 Residents in a Five-Mile Radius, Daytime Population of Approximately 719,100 • Excellent Frontage and Accessibility Along S Marylnd Pkwy (Over 32,500 Vehicles per Da) Providing Easy Access to US I-15 (Over 288,000 Vehicles per Day) • Located in a Dense Retail Corridor With Tenants Including In-N-Out, McDonald's, Firehouse Subs, Jack-in-the-Box, and More

Market Context

This retail in Las Vegas, NV is listed for sale. It is offered at an approximate 4.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 99 days. Compare it against other retail listings for sale in Las Vegas, NV — view the full market.

As of Q1 2026, the Las Vegas retail market showed average asking rents near $32.55/SF/yr, rents up 5.8% year over year, and cap rates around 6.5%. Source: multiple brokerage reports, Q1 2026.

Its 4.5% asking cap rate is below the Las Vegas retail market average of about 6.5%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Las Vegas?
About 6.5% as of Q1 2026, per multiple brokerage reports.

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