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Terrible's Travel Center | Absolute NNN 720 E Cheyenne Ave 9,565 SF 100% Leased 4-Star Retail Building North Las Vegas, NV 89030 $5,263,000 ($550.24/SF) 4.75% Cap Rate
Investment Highlights
- 20-Year Ground Lease | Options To Extend | Scheduled Rental Increases | New Construction with Tavern & Gaming
- Excellent Visibility & Access | Dense Retail Corridor | I-15 Corridor
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Brand new 20-year ground lease featuring six (5-year) option periods, with
both Terrible’s Travel Center and WSKY Bar + Grill operating under a single lease structure
• The newly constructed travel center features a Terrible’s-backed WSKY Bar + Grill, a tavern concept with a full liquor license, gaming licensee, and 15 gaming machines, enhancing the asset’s long-term value
• There is 10% rental increases every five years and at the beginning of each option period, steadily increasing NOI and providing a hedge against inflation
• Newly constructed travel center offering multiple amenities for travelers, including 8 gas pumps, 5 diesel pumps, 101 parking spaces (including 19 truck parking spaces), and a car wash
both Terrible’s Travel Center and WSKY Bar + Grill operating under a single lease structure
• The newly constructed travel center features a Terrible’s-backed WSKY Bar + Grill, a tavern concept with a full liquor license, gaming licensee, and 15 gaming machines, enhancing the asset’s long-term value
• There is 10% rental increases every five years and at the beginning of each option period, steadily increasing NOI and providing a hedge against inflation
• Newly constructed travel center offering multiple amenities for travelers, including 8 gas pumps, 5 diesel pumps, 101 parking spaces (including 19 truck parking spaces), and a car wash
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
9,565 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$5,263,000
Price Per SF
$550.24
Cap Rate
4.75%
NOI
$250,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
3.45 AC
Zoning
M-2 - General Industrial
Parking
101 Spaces (10.56 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 139-11-401-008 | Improvements Assessment | $35,278 |
| Land Assessment | $710,082 | Total Assessment | $745,360 |
Property Taxes
Parcel Number
139-11-401-008
Land Assessment
$710,082
Improvements Assessment
$35,278
Total Assessment
$745,360
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Terrible's Travel Center | Absolute NNN | 720 E Cheyenne Ave
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