Brand New 15 Yr. Lease- Signalized Corner 7 Eleven 3,062 SF 5-Star Retail Building Las Vegas, NV 89113 $5,500,000 ($1,796.21/SF) 4.55% Cap Rate

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.