10130 S Rainbow Blvd - Service Station FOR SALE


Las Vegas, NV 89178
$5,416,667 USD
714-874-4004
10130 S Rainbow Blvd, Las Vegas, NV for Sale
$5,416,667 USD
Service Station - FOR SALE
1/16
null | 6% Cap Rate

10130 S Rainbow Blvd
Las Vegas, NV 89178


HIGHLIGHTS

  • LONG TERM LEASE - 19+ years remaining on the initial term of the lease, 10% rent increases every 5 years, followed by Four, 5-year options.
  • BONUS DEPRECIATION - Fee simple ownership of a Gas Station provides the landlord the opportunity to use accelerated Bonus depreciation model.
  • EXCELLENT LOCATION - Well-located asset within the growing Las Vegas MSA. High visibility and great site design to maximize tenant exposure.
  • TAX-FREE STATE - Nevada is one of nine states with no state income tax.
  • EXCELLENT DEMOGRAPHICS - Surrounding density of over 200,000 residents within a 5-mile radius.
  • STRONG GUARANTEE - Personal guarantor with net worth ±$70M.

OVERVIEW

Prime Net Lease is pleased to present the opportunity to own a high performing roam 'n stop located in Las Vegas, Nevada. The property is encumbered with a 20-year Absolute NNN lease, leaving the landlord with zero responsibilities. There are currently 19+ years remaining on the current lease with Four, 5-year options left. The lease features 10% rental increases every 5 years, which continue through each option, to help hedge against inflation. This roam 'n stop is highly visible as it is strategically positioned in Las Vegas, Nevada. Las Vegas is the 25th-most populous city in the United States, the most populous city in the state of Nevada, and the county seat of Clark County. With over 2.9 million visitors as of 2019, Las Vegas is the sixth-most visited city in the U.S., after New York City, Miami, Los Angeles, Orlando, and San Francisco. It is a top-three destination in the U.S. for business conventions and a global leader in the hospitality industry. The site takes advantage of high daily traffic counts of nearly 25,000 vehicles per day from S Rainbow Blvd and Mountain Edge Pkwy. Nationally recognized tenants such as Walmart, Meineke, Tractor Supply Co. AutoZone, Planet Fitness, Orangetheory, Albertsons, Pet Supplies Plus, McDonald's, Starbucks, Burger King, Taco Bell, and Domino's, all surround the Property, further driving consumers to the area. At roam ‘n stop we believe that travel should not simply be measured by steps from your front door, but rather by the experience of the journey. It is about embracing the spirit of curiosity and discovery wherever it may be. Whether you just roam around the corner or roam across the country, we are here to fulfill all your travel needs.

FOR SALE DETAILS

PRICE

$5,416,667 USD

PRICE/SF

$1,804 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Roam n' Stop

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

-

APN/PARCEL ID

176-26-312-002

ASK ABOUT THIS PROPERTY

Michael MatusikPrime Net LeaseMore Info
714-874-4004

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Michael MatusikPrime Net LeaseMore Info
714-874-4004

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.