7 Eleven - Convenience Store FOR SALE


Las Vegas, NV 89113- South Las Vegas
$5,500,000 USD
949-903-3399
7 Eleven, Las Vegas, NV for Sale
$5,500,000 USD
Convenience Store - FOR SALE
1/5
null | 4.55% Cap Rate

7 Eleven
Las Vegas, NV 89113
South Las Vegas


HIGHLIGHTS

  • Brand New 15 Yr. Corporate NNN Lease (Fee Simple) by 7 Eleven Inc. - Best in Class Gas/C-Store Brand
  • High Density Signalized Hard Corner - Path of Growth for Booming Las Vegas Market - Tax Free State
  • Largest Convenience Store Chain in U.S. - #1 Fastest Growing Global Franchise in 2023 (Franchise 500)
  • Affluent Residential Area - Surrounded by Summerlin/Southern Highlands - Across from Smiths Grocery
  • Brand New 2024 Prototype - 10% Bumps - Gas with C Store - Bonus Depreciation! - World Famous City
  • Iconic American Brand - Best in Class Retailer Category - Lower Downside Risk - Generational Asset

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to purchase a newly constructed Corporate 7-Eleven (C-store & Service Station) in Las Vegas, NV. With a brand new 15-year primary term, four 5-year option periods, 10% rent increases every 5 years, corporate guarantee and limited landlord responsibilities, this asset is ideal for an investor seeking years of inflation resistant cash flows. Las Vegas (MSA population exceeding 2.95 million) has experienced strong demographic growth over the past several decades and is expected to continue this rapid expansion. 7-Eleven is the largest operator, franchisor and licensor of convenience stores worldwide, operates over 13,000 stores in the U.S. and Canada (78,000 globally), and has an investment grade credit rating of “A” from S&P (Moody’s: Baa2). The new construction 3,062 SF building on 0.92-acre parcel with 12 fuel pumps is located on the hard corner signalized intersection of S Rainbow Boulevard and W Windmill Lane, which has a combined traffic count exceeding 44,300 VPD. Nearby retailers include Walmart Supercenter, Sprouts Farmers Market, Albertsons, Smith’s, Bank of America, Walgreens, Starbucks, McDonald’s, Wendy’s and KFC. This is an excellent opportunity to acquire a net leased 7-Eleven with a new long-term lease, 20 years in option periods, rent increases, corporate guarantee, and minimal landlord responsibilities, providing years of inflation resistant income.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$1,796 USD /SF

CAP RATE

4.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New 15 Yr. Lease- Signalized Corner

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Fast Food, Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

C-2

APN/PARCEL ID

176-15-515-001

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.