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551 N Lamb Blvd 2,497 SF 100% Leased Retail Building Las Vegas, NV 89110 $6,900,000 ($2,763.32/SF)

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EXECUTIVE SUMMARY

MULTIPLE LOCATIONS Coming soon, This property features a state-of-the-art security system with night locks and controlled entry, upgraded kitchen equipment, and meaningful recent capex including new fountain machines, bean-to-cup coffee, and a rebuilt walk-in cooler and condiment station.
New canopies over both of the fuel pump islands were installed in early 2025, complementing a new roof (2022) and new A/C (2024). The site has a strong operating profile, generating $1,067,744.79 total profit (fuel + inside) in 2023 and $956,052.79 in 2024; 2025 YTD (through 12/18/2025) total profit is $881,731.25. Fuel volumes remain robust at 1,766,841 gallons (2023), 1,743,275 gallons (2024), and 1,583,584 gallons YTD 2025, with improving fuel margin per gallon in 2025 versus 2024. In 2025, a nine-month construction project on Lamb and then Bonanza created access constraints for much of the year.
Additionally, a new competitor opened within 0.25 miles and an adjacent Dollar General has pressured inside sales; however, the store’s 24-hour operation remains a key differentiator for the neighborhood—providing reliable, immediate access to essentials such as children’s fever medication, baby formula, and other urgent items within a short walk. The Lamb location is the company’s top bulk propane location, selling 30,000+ gallons annually at an estimated ~99% margin under a five-year Patriot Energy contract.
The property also offers ample room for an automated carwash at the hard-corner Bonanza & Lamb location, providing a clear, high-impact value-add opportunity.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Conditions
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Service Station
Building Size
2,497 SF
Building Class
C
Year Built
1986
Price
$6,900,000
Price Per SF
$2,763.32
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
0.69 AC
Zoning
C-1, Las Vegas
Parking
16 Spaces (6.41 Spaces per 1,000 SF Leased)
Frontage
175’ on Bonanza Rd.

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection
Walk Score®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Cardenas
Dotty's
Starbucks
Green Valley Grocery
Eos Fitness
Smith's
Teriyaki Madness
Grocery Outlet

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
140-31-501-013
Land Assessment
$157,794
Improvements Assessment
$141,284
Total Assessment
$299,078
  • Listing ID: 38939006

  • Date on Market: 12/31/2025

  • Last Updated:

  • Address: 551 N Lamb Blvd, Las Vegas, NV 89110

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