4308 W Craig Rd - Service Station FOR SALE


North Las Vegas, NV 89032
$7,725,000 USD
480-221-4221
4308 W Craig Rd, North Las Vegas, NV for Sale
$7,725,000 USD
Service Station - FOR SALE
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4308 W Craig Rd
North Las Vegas, NV 89032


HIGHLIGHTS

  • New 20-Year Lease | Options To Extend | Strong Operator | Annual Rental Increases | Opportunity for Bonus Depreciation
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Part Of New Development | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Conoco Gas Station investment property located in North Las Vegas, Nevada. The tenant, LV Petroleum LLC, recently signed a brand new 20-year lease with 4 (10-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The site is operated by Fuel Bros, a proven multi-unit operator with a strong track record, currently operates 30 convenience stores (primarily Conoco-branded) and, as the largest TA franchisee nationwide, demonstrates fuel and c-store expertise that extends well beyond its local footprint. Property may be eligible for bonus depreciation; investors should consult a qualified tax advisor to confirm applicability and benefits. The project is under construction and estimated completion by mid July with opening to the public by August 1.

FOR SALE DETAILS

PRICE

$7,725,000 USD

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Conoco | New 20yr Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

C-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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