400 E Windmill Ln - Retail FOR SALE


Las Vegas, NV 89123- South Las Vegas
$5,158,000 USD
725-220-1719
400 E Windmill Ln, Las Vegas, NV for Sale
$5,158,000 USD
Retail - FOR SALE
1/6
null | 4.75% Cap Rate

400 E Windmill Ln
Las Vegas, NV 89123
South Las Vegas


HIGHLIGHTS

  • New Construction
  • Corporate guaranty
  • Hard Corner
  • 20 year term plus options
  • 8 mpd's

OVERVIEW

A newly constructed Murphy USA convenience store and fuel facility on a 1.3 acre parcel at the signalized hard corner of Windmill Land and Bermuda Road in the Las Vegas MSA. This investment is an absolute NNN ground lease to Murphy Oil USA, Inc. (NYSE: MUSA), with a corporate guaranty. It's a 20 years lease with four 5-year renewal options. The landlord has no operating responsibilities. The tenant pays taxes and insurance and maintains the entire premise. Rent increases 8% every 5 years. T he store is scheduled to open 1st quarter of 2027 with approximately 3,500 square feet of building area plus 8 MPD's under the fuel canopy.

FOR SALE DETAILS

PRICE

$5,158,000 USD

PRICE/SF

$1,815 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2027

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

CG

APN/PARCEL ID

177-09-804-010,177-09-804-011

ASK ABOUT THIS PROPERTY

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725-220-1719

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Asif AbdusActive CommercialMore Info
725-220-1719

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.