Conoco | New 20yr Abs NNN 4308 W Craig Rd 3,500 SF Retail Building North Las Vegas, NV 89032 $7,725,000 ($2,207.14/SF) 6.50% Cap Rate

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Conoco Gas Station investment property located in North Las Vegas, Nevada. The tenant, LV Petroleum LLC, recently signed a brand new 20-year lease with 4 (10-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The site is operated by Fuel Bros, a proven multi-unit operator with a strong track record, currently operates 30 convenience stores (primarily Conoco-branded) and, as the largest TA franchisee nationwide, demonstrates fuel and c-store expertise that extends well beyond its local footprint. Property may be eligible for bonus depreciation; investors should consult a qualified tax advisor to confirm applicability and benefits. The project is under construction and estimated completion by mid July with opening to the public by August 1.