4309 W Craig Rd - Convenience Store FOR SALE


Las Vegas, NV 89032
$13,600,000 USD
702-595-8765
4309 W Craig Rd, Las Vegas, NV for Sale
$13,600,000 USD
Convenience Store - FOR SALE
1/7
null | 7.07% Cap Rate

4309 W Craig Rd
Las Vegas, NV 89032


HIGHLIGHTS

  • ESTABLISHED REGIONAL TENANT: Fabulous Freddy's is a regional operator with 6 locations across NV & UT.
  • ZERO LANDLORD RESPONSIBILITIES: The lease is Absolute NNN, providing passive income with 0 Landlord responsibilities.
  • LONG-TERM LEASE WITH ATTRACTIVE EXTENSION OPTIONS: There are ±10.5 years remaining on the initial lease term with three, 10-year renewal options.
  • ELIGIBLE FOR BONUS DEPRECIATION: As a gas station, c-store, and car wash, the Property is eligible for bonus depreciation.
  • RESTRICTED GAMING LICENSE: The Property has a restricted gaming license permitting the operator to have 7 slot machines.
  • AMPLE AMENITIES: The Property features ample amenities including 4 MPD's / 8 fuel positions, c-store, quick service 3-bay lube shop, & car wash tunnel

OVERVIEW

LINK TO OM: https://logiccre.com/1031_properties/4309-w-craig-rd-las-vegas-nv-89032/ The Investment Services Group of LOGIC Commercial Real Estate has been exclusively retained to offer qualified investors the opportunity to acquire a Fabulous Freddy’s Convenience Store & Car Wash, Valvoline Lube Shop, and Shell Gas Station. The Property is comprised of ±10,998 SF of building area situated on ±1.62 acres at the signalized southwest corner of W. Craig Rd. and Valley Dr. Built in 2006 as a build-to-suit, the Property is equipped with 4 MPD’s / 8 fuel positions, convenience store, a quick-service 3-bay lube shop, a car wash tunnel, a full-service car wash station, and a restricted gaming license with 7 slot machines. The lease is structured as an absolute triple-net (NNN) to Fabulous Freddy’s with just over 10 years remaining in current lease term plus three, 10-year options at market rates, offering investors a passive income opportunity with zero landlord responsibilities. This location is one of six Fabulous Freddy’s sites operating across Nevada and Utah. The Property also benefits from strong demographics, with ±107,951 residents and an average annual household income of $80,198 within a 3-mile radius. LINK TO OM: https://logiccre.com/1031_properties/4309-w-craig-rd-las-vegas-nv-89032/

FOR SALE DETAILS

PRICE

$13,600,000 USD

PRICE/SF

$3,886 USD /SF

CAP RATE

7.07%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fabulous Freddy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

C-1

APN/PARCEL ID

139-06-301-009

ASK ABOUT THIS PROPERTY

Cathy JonesLogic Commercial Real EstateMore Info
702-595-8765

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Cathy JonesLogic Commercial Real EstateMore Info
702-595-8765

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