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4800 W Washington Ave
Las Vegas, NV 89107
7-Elven - Las Vegas, NV · Retail Property For Sale


Executive Summary
RARE 20-YEAR LEASE EXTENSION
Rare 20-year lease extension underscores 7-Eleven’s long-term commitment.
CONTRACTUAL RENT EXCEEDS PURCHASE PRICE
The lease offers long-term secure income stream ±$3,248,700 in contractual rental income during the initial term, exceeding the purchase price by over $300,000 and offering strong, predictable cash flow.
NNN LEASE STRUCTURE
Passive ownership asset easy to manage.
HIGHLY SOUGHT AFTER LAS VEGAS MARKET
Las Vegas is a world-renowned destination welcoming ±40MM annual visitors, and currently one of the fastest-growing metros in the U.S.
HARD CORNER - 50,000+ CARS DAILY
Located just ±7 miles from the Las Vegas Strip, the property is strategically positioned at the signalized hard-corner intersection of W Washington Ave and N Decatur Blvd benefiting from 50,000+ combined average daily traffic with excellent frontage and four points of direct access.
BUSY 7-ELEVEN LOCATION OPEN 24/7
Busy 7-Eleven location operates 24 hours a day, 7 days a week, and benefits from multiple income streams including beer, wine, and lottery sales.
RECESSION-PROOF AND E-COMMERCE RESISTANT
7-Eleven operates a necessity-based business model with demonstrated resilience through economic cycles and strong resistance to e-commerce.
ESTABLISHED LOCATION
This site has operated as a 7-Eleven convenience store since 1985 (±41 years), demonstrating its long-standing and successful track record at this location.
NO STATE PERSONAL INCOME TAX
Nevada imposes no state personal income tax and offers a business-friendly tax environment.''
CORPORATE LEASE GUARANTY WITH INVESTMENT-GRADE CREDIT
Corporately guaranteed lease by 7-Eleven, the world’s largest convenience store chain with over 84,500 locations, wholly owned subsidiary of Japanese retail conglomerate seven & I holdings, currently holding an Investment-Grade Standard & Poor’s credit rating of “A-.”
STRONG DEMOGRAPHIC PROFILE
The property is located in a dense, high-income trade area with approximately 470,000 residents within a five-mile radius and average household incomes exceeding $90,313, supported by projected significant population growth of 3.8% annually.
Rare 20-year lease extension underscores 7-Eleven’s long-term commitment.
CONTRACTUAL RENT EXCEEDS PURCHASE PRICE
The lease offers long-term secure income stream ±$3,248,700 in contractual rental income during the initial term, exceeding the purchase price by over $300,000 and offering strong, predictable cash flow.
NNN LEASE STRUCTURE
Passive ownership asset easy to manage.
HIGHLY SOUGHT AFTER LAS VEGAS MARKET
Las Vegas is a world-renowned destination welcoming ±40MM annual visitors, and currently one of the fastest-growing metros in the U.S.
HARD CORNER - 50,000+ CARS DAILY
Located just ±7 miles from the Las Vegas Strip, the property is strategically positioned at the signalized hard-corner intersection of W Washington Ave and N Decatur Blvd benefiting from 50,000+ combined average daily traffic with excellent frontage and four points of direct access.
BUSY 7-ELEVEN LOCATION OPEN 24/7
Busy 7-Eleven location operates 24 hours a day, 7 days a week, and benefits from multiple income streams including beer, wine, and lottery sales.
RECESSION-PROOF AND E-COMMERCE RESISTANT
7-Eleven operates a necessity-based business model with demonstrated resilience through economic cycles and strong resistance to e-commerce.
ESTABLISHED LOCATION
This site has operated as a 7-Eleven convenience store since 1985 (±41 years), demonstrating its long-standing and successful track record at this location.
NO STATE PERSONAL INCOME TAX
Nevada imposes no state personal income tax and offers a business-friendly tax environment.''
CORPORATE LEASE GUARANTY WITH INVESTMENT-GRADE CREDIT
Corporately guaranteed lease by 7-Eleven, the world’s largest convenience store chain with over 84,500 locations, wholly owned subsidiary of Japanese retail conglomerate seven & I holdings, currently holding an Investment-Grade Standard & Poor’s credit rating of “A-.”
STRONG DEMOGRAPHIC PROFILE
The property is located in a dense, high-income trade area with approximately 470,000 residents within a five-mile radius and average household incomes exceeding $90,313, supported by projected significant population growth of 3.8% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,400 SF
Building Class
C
Year Built
1966
Price
$2,948,000
Price Per SF
$1,228.33
Cap Rate
4.75%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.26 AC
Zoning
C-1
Parking
9 Spaces (3.75 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 138-25-618-057 | Improvements Assessment | $38,871 |
| Land Assessment | $57,475 | Total Assessment | $96,346 |
Property Taxes
Parcel Number
138-25-618-057
Land Assessment
$57,475
Improvements Assessment
$38,871
Total Assessment
$96,346
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