5230 Blue Diamond Rd - Convenience Store FOR SALE


Las Vegas, NV 89139- South Las Vegas
$4,523,000 USD
949-903-3399
5230 Blue Diamond Rd, Las Vegas, NV for Sale
$4,523,000 USD
Convenience Store - FOR SALE
1/3
null | 4.2% Cap Rate

5230 Blue Diamond Rd
Las Vegas, NV 89139
South Las Vegas


HIGHLIGHTS

  • New 20 Yr. Absolute NNN Ground Lease by Circle K Stores, Inc. - Opening Q1 2023
  • World Famous Tourist Destination (49M+ Yearly) - Huge Population/Business Growth
  • One of the Largest Gas/C-Stores in the World (15,000+)- Subsidiary of Couche-Tard
  • Large 1.15+/- Acre Lot - C Store with Gas Canopy - Zero LL Duties - 5% Rent Bumps Every 5 Yrs.
  • Affluent Residential Area ($117,837 HHI) - Summerlin/Southern Highlands
  • Strong International Parent Co. (Toronto Exchange: ATD) - Market CAP over $64B

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors, an opportunity to acquire a new construction Absolute NNN ground lease with Circle K in Las Vegas, NV. Positioned Directly on Blue Diamond Rd (Nevada State Route 160), which sees over 55,900+ VPD, this site will include a 5,000+ SF convenience store and 16 fuel pumps. With a 20-year primary lease, six 5-year options, and 5% rent increases every 5 years, this is an ideal investment for a coupon clipper or an investor desiring zero landlord responsibilities with steady rent increases. Nearby retailers include The Habit Burger, Cafe Rio, Wingstop, Burger King, Little Caesars, 7-Eleven and Alberton’s. This is an excellent opportunity to acquire a well-located retail ground lease with 20 years of worry-free cash flows, 30 years in options, and rent increases.

FOR SALE DETAILS

PRICE

$4,523,000 USD

PRICE/SF

$872 USD /SF

CAP RATE

4.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

MD

APN/PARCEL ID

176-13-814-001

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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