In-N-Out Burgers bought a chunk of land in a new shopping center in North Las Vegas, giving it a foothold on a former casino site.
The popular burger chain purchased a 1.2-acre lot at the southeast corner of Rancho Drive and Lake Mead Boulevard, in the Hylo Park development, for nearly $4 million.
Property records show that the sale, by developer Agora Realty & Management, closed this month.
The new burger spot would be built at the edge of a retail plaza that occupies part of the old Texas Station hotel-casino property, and the land purchase marks the arrival of another business in a shopping center that is slated to include a Cardenas supermarket and other tenants.
Matt Loevenguth, director of real estate for In-N-Out, said in a statement Tuesday that the company is excited to be working on the new location at Rancho and Lake Mead and hopes to start construction soon.
He did not provide an estimated start date. But he said that once In-N-Out begins construction, it usually takes around eight or nine months for the restaurant to open for business.
‘Tremendous demand’
California-based In-N-Out has 19 locations in the Las Vegas Valley, its website shows, including a big restaurant that debuted last month atop the BLVD retail complex on the Strip.
Aaron Lefton, president of acquisitions and leasing for Agora, said in an email Tuesday that more than 10 prospective restaurant and retail users showed interest in the site that In-N-Out ultimately purchased, adding there was “tremendous demand” for the location.
Overall, Agora’s Hylo Park development spans 73 acres along Rancho at Lake Mead. Plans call for housing, retail, athletic facilities and other uses — a big project that is already changing a stretch of the city that was previously home to two hotel-casinos.
Agora purchased the sprawling project site – comprising the neighboring former Texas Station and Fiesta Rancho – for about $58 million combined in 2023. The seller, Station Casinos, never reopened those properties from the pandemic shutdowns and then demolished both of them.
Homebuilding giant Lennar Corp. is now developing a subdivision on most of the former Texas Station footprint. Plans show a 373-lot project with a mix of townhomes and freestanding single-family houses, along with a central park area that includes an “adventure trail” and play structure.
After the North Las Vegas Planning Commission approved Lennar’s proposal, Agora sold the 36.5-acre project site for $26 million in late 2024 to a land-banking entity. In general, such groups acquire land for homebuilders and then sell them plots when they’re ready for construction.
Plans for Fiesta site
Agora broke ground last year on the neighboring shopping plaza, which occupies an 11-acre portion of Texas Station’s former footprint. Its expected tenant roster includes Hispanic supermarket Cardenas and discount retailer Ross Dress for Less.
As seen this week, Starbucks and Chipotle have already opened in the plaza.
Lefton, of Agora, said the shopping center is 98 percent leased.
Meanwhile, project plans for the 25-acre former Fiesta Rancho site include a 200,000-square-foot indoor field house, extended-stay hotel, medical building, and shops and restaurants, the developers have said.
The property will also include its existing ice rink, now called Hylo Park Arena, which used to be attached to the Fiesta.
The ice rink temporarily closed this spring after a major equipment failure, and it was expected to take up to 14 months to replace the system and get everything up and running again, Agora previously said.
Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342.
