This property is Off-Market

6480 South Durango Drive
Las Vegas, NV 89113 ·

6,390 SF · Retail For Sale

N/A

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Terrible's McDonald's & Chevron Gas Station #242

Price N/A Occupancy 100%
Building Size 6,390 SF Tenancy Single
Property Type Retail Year Built 2006
Property Sub-type Service/Gas Station Lot Size 72,310 SF
Property Use Type Net Lease Investment with 10+ years left on lease APN / Parcel ID 16333401013
Cap Rate 6.25%
Listing ID: 17173219 Date Created: 05/24/2011 Last Updated: 01/02/2013

Description

Marcus & Millichap is please to present for sale this Terrible Herbst Chevron Gas Station and Convenience Store co-branded with McDonald's. The property will be leased to Terrible Herbst, Inc. scheduled to commence upon the close of escrow. The lease will include ten percent rental increases every five years, four five-year options to renew and be corporate guaranteed by Terrible Herbst, Inc.

Terrible Herbst, Inc. will execute this 20-year, NNN master lease and McDonald's is subleased under a long-term lease with renewal options. The tenant, Terrible Herbst, Inc., will collect the rental payments from McDonald's. The McDonald's business is independently owned and operated.

The Chevron station has eight double-sided fuel pumps supplying sixteen fueling access points. The 3,795-square foot McDonald's has a double-lane drive-thru and large, stunning fish tank inside of the store. There is an ATM inside of the 2,595-square foot Terrible's convenience store as well as seven gaming machines for customer use.

This Terrible Herbst's Chevron Gas Station and McDonald's is located at the signalized intersection of Durango Drive and Sunset Road in Las Vegas. Nevada is a tax-free state and accelerated depreciation may be possible for this property.

The subject property is conveniently located just off of the Bruce Woodbury Beltway (a.k.a. Clark County 215) next to Super Mex Restaurant and Cantina. Traffic counts in this area average over 35,000 vehicles per day (2007). There are approximately 242,980 persons within a five-mile radius, with a daytime population of 103,487 employees (2010).

Listed in cooperation with the Nevada Marcus & Millichap Office, BOR: John Vorsheck 702-215-7100

Highlights

  • New, 20-year NNN Lease with Corporate Guarantee
  • Ten Percent Increases Every Five Years with Four Five-Year Options to Renew
  • Co-branded Chevron Gas Station and C-Store with McDonald's
  • Seven Gaming Machines Inside Convenience Store
  • Accelerated Depreciation Possible
  • Located in a Tax-free State

Research

6480 South Durango Drive, Las Vegas, NV 89113 (Clark County)

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