4800 W Washington Ave - Convenience Store FOR SALE


Las Vegas, NV 89107- Michael Way
$1,183,000 USD
702-575-4866
4800 W Washington Ave, Las Vegas, NV for Sale
$1,183,000 USD
Convenience Store - FOR SALE
1/7
null | 5% Cap Rate

4800 W Washington Ave
Las Vegas, NV 89107
Michael Way


HIGHLIGHTS

  • 40+ Years Occupancy History
  • 3+ Years Remaining Term, w/ 5-Year Option
  • 10% Rent Bumps Every 5 Years
  • ±44,000+ Vehicles Per Day at Intersection

OVERVIEW

±2,200 SF 7-Eleven corporate net leased investment opportunity located at the signalized intersection of Decatur Boulevard and Washington Avenue in Las Vegas. The property features more than 40 years of occupancy history with approximately 3 years remaining on the current lease term plus a 5-year renewal option and 10% rent increases every five years. Situated on ±0.26 acres with exposure to more than 44,000 vehicles per day at the intersection, the site offers a stable single-tenant investment in a dense infill trade area near major retail, medical, and residential corridors.

FOR SALE DETAILS

PRICE

$1,183,000 USD

PRICE/SF

$538 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

C-1

APN/PARCEL ID

138-25-618-057

ASK ABOUT THIS PROPERTY

Todd ManningNAI ExcelMore Info
702-575-4866

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Todd ManningNAI ExcelMore Info
702-575-4866

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