Circle K 5230 Blue Diamond Rd 5,187 SF Retail Building Las Vegas, NV 89139 $4,523,000 ($871.99/SF) 4.20% Cap Rate
INVESTMENT HIGHLIGHTS
- New 20 Yr. Absolute NNN Ground Lease by Circle K Stores, Inc. - Opening Q1 2023
- One of the Largest Gas/C-Stores in the World (15,000+)- Subsidiary of Couche-Tard
- Affluent Residential Area ($117,837 HHI) - Summerlin/Southern Highlands
- World Famous Tourist Destination (49M+ Yearly) - Huge Population/Business Growth
- Large 1.15+/- Acre Lot - C Store with Gas Canopy - Zero LL Duties - 5% Rent Bumps Every 5 Yrs.
- Strong International Parent Co. (Toronto Exchange: ATD) - Market CAP over $64B
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors, an opportunity to acquire a new construction Absolute NNN ground lease with Circle K in Las Vegas, NV. Positioned Directly on Blue Diamond Rd (Nevada State Route 160), which sees over 55,900+ VPD, this site will include a 5,000+ SF convenience store and 16 fuel pumps. With a 20-year primary lease, six 5-year options, and 5% rent increases every 5 years, this is an ideal investment for a coupon clipper or an investor desiring zero landlord responsibilities with steady rent increases.
Nearby retailers include The Habit Burger, Cafe Rio, Wingstop, Burger King, Little Caesars, 7-Eleven and Alberton’s. This is an excellent opportunity to acquire a well-located retail ground lease with 20 years of worry-free cash flows, 30 years in options, and rent increases.
Nearby retailers include The Habit Burger, Cafe Rio, Wingstop, Burger King, Little Caesars, 7-Eleven and Alberton’s. This is an excellent opportunity to acquire a well-located retail ground lease with 20 years of worry-free cash flows, 30 years in options, and rent increases.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,187 SF
Building Class
B
Year Built
2022
Price
$4,523,000
Price Per SF
$871.99
Cap Rate
4.20%
NOI
$190,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.14 AC
Zoning
MD - Retail Use
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 176-13-814-002 | Improvements Assessment | $848,446 |
| Land Assessment | $494,817 | Total Assessment | $1,343,263 |
