4950-4960 W Charleston Blvd - Convenience Store FOR SALE


Las Vegas, NV 89146- Buffalo
$1,600,000 USD
909-322-4314
4950-4960 W Charleston Blvd, Las Vegas, NV for Sale
$1,600,000 USD
Convenience Store - FOR SALE
1/4
null | Request Cap Rate

4950-4960 W Charleston Blvd
Las Vegas, NV 89146
Buffalo


HIGHLIGHTS

  • 4950-4960 W Charleston Boulevard presents a multi-tenant retail strip anchored by long-term, national tenant, 7-Eleven.
  • The 5-mile demographics confirm more than 470,600 locals, approx. $2,822 spend on dining and $2,435 spent on entertainment, annually per household.
  • The strip is fully occupied with one tenant on month-to-month terms and all on modified gross leases.
  • Nevada is the most business-friendly state in the West, offering a low-regulation environment and business incentives.

OVERVIEW

Logic Commercial Real Estate is pleased to present the income-generating, value-add opportunity of the multi-tenant retail strip at 4950-4960 W Charleston Boulevard in Las Vegas, NV. Fully occupied by local tenants and anchored by the national tenant, 7-Eleven, the retail tenants are all on Modified Gross lease structures with below-market rents, enabling upside to raise rents to market rates. This four-tenant strip is located just West of the Charleston and Decatur intersection, which sees more than 71,000 combined daily vehicles passing, an immense built-in exposure benefit. The property is in close proximity to major landmarks such as Interstate 11 (1 mile), Interstate 15 (2.6 miles), the College of Southern Nevada (1.3 miles), The Strip (3 miles), the Las Vegas Convention Center (3 miles), and Harry Reid International Airport (5.6 miles). 7-Eleven has occupied the property since 1963 and exercised its last remaining option in 2021 to remain on-site through Q1 2026. This transition will present a stabilized timeframe for executing pre-leasing strategies to fill the anchor tenant's space, most likely with another national tenant. 4950-4960 W Charleston Boulevard is presented unencumbered and debt-free to the market. Inquire today for further details. This sale is prime for a 1031 exchange or cash purchasers in the tax-free state.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$331 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

C-1

APN/PARCEL ID

138-36-804-005

ASK ABOUT THIS PROPERTY

Joanna Zirbes, CCIMLogic Commercial Real EstateMore Info
909-322-4314

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

Joanna Zirbes, CCIMLogic Commercial Real EstateMore Info
909-322-4314

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