North Las Vegas, Nevada, is an attractive destination for investors seeking to capitalize on the city's growing economy and diverse range of amenities. Restaurants for sale in North Las Vegas offer a unique opportunity to tap into the local market, which is driven by a strong demand for dining options. As a popular choice for families and young professionals, North Las Vegas provides an ideal setting for restaurants to thrive. With its proximity to major employers like Amazon, Sephora, and Bed Bath & Beyond, as well as the College of Southern Nevada's Cheyenne Campus, restaurants in North Las Vegas can cater to a diverse clientele. The city's infrastructure, including its water and wastewater services, police and fire protection, and recreational amenities, also make it an attractive location for businesses. Additionally, the North Las Vegas Airport and RTC Transit provide convenient transportation options, making it easy for customers to access restaurants in the area. With its growing population of approximately 280,000 residents, North Las Vegas offers a promising market for restaurant owners and investors.
North Las Vegas is home to a diverse range of properties for sale, including 18 restaurants. In addition to restaurants, investors can also explore opportunities in apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in North Las Vegas offer a chance to capitalize on the city's growing population and demand for housing. Shopping centers, on the other hand, provide a platform for retailers to tap into the local market. Specialty properties, such as warehouses and distribution centers, are also available for sale, catering to the city's thriving logistics and manufacturing industries. Hotels in North Las Vegas, meanwhile, offer a unique opportunity to cater to tourists and business travelers visiting the area. With its diverse range of properties for sale, North Las Vegas provides a promising market for investors seeking to capitalize on the city's growth and development.
What is the average cost per square foot for a restaurant in North Las Vegas?
The average cost per square foot for a restaurant in North Las Vegas is $674 USD per square foot, with an average size of 19,913 square feet and a largest size available of 91,163 square feet, among the 18 available listings.
What factors determine the value of a restaurant for sale in North Las Vegas?
When evaluating the value of a restaurant for sale in North Las Vegas, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the North Las Vegas Airport and RTC Transit bus routes, as well as accessibility to local amenities like parks and recreation centers, influencing foot traffic and customer demographics.
- Size and layout, with the average restaurant for sale in North Las Vegas spanning 19,913 square feet, and the largest available listings reaching up to 91,163 square feet, affecting seating capacity, kitchen efficiency, and overall operational costs.
- Financial performance, including the average cap rate of 4.23%, which can impact the restaurant's profitability and desirability to potential buyers, as well as the average price per square foot of $674 USD, which can influence the overall sale price.
