STNL Chevron Terrible Herbst NEC Las Vegas Blvd. & Carey Ave. 4,719 SF Retail Building North Las Vegas, NV 89030 $3,300,000 ($699.30/SF) 5% Cap Rate

Colliers is pleased to exclusively offer for sale a new construction STNL Terrible Herbst Chevron located along a highly trafficked commuter thoroughfare on Las Vegas Blvd. in close proximity to Downtown Las Vegas. This newly constructed gas station is comprised of 8 gas pumps and a ± 4,719 SF convenience store with car wash.
Founded in 1959, Terrible Herbst is a privately owned gasoline and convenience store chain that operates 176 stores across Nevada, California, Arizona and Utah. The asset benefits from a new 20-year Absolute NNN lease with zero landlord responsibilities and 10% rent increases every five years, including options.
The site is strategically located at the signalized intersection of Las Vegas Blvd. and Carey Ave. with traffic counts in excess of ±33,600 VPD. The property benefits from direct proximity to the North Las Vegas City Hall and Municipal Courts along with ease of access to major freeways including the I-15 Freeway (±242,000 VPD). The asset services a dense and mature trade area with ±500,544 residents with an annual household income of ±$77,271 within a 5-mile radius and benefits from nearby co-tenants including Smith’s, La Bonita, El Super, Ross, El Pollo Loco, Denny’s, Chipotle and more.