4800 W Washington Ave - Convenience Store FOR SALE


Las Vegas, NV 89107- Michael Way
$2,948,000 USD
858-900-3112
4800 W Washington Ave, Las Vegas, NV for Sale
$2,948,000 USD
Convenience Store - FOR SALE
1/4
null | 4.75% Cap Rate

4800 W Washington Ave
Las Vegas, NV 89107
Michael Way


OVERVIEW

RARE 20-YEAR LEASE EXTENSION Rare 20-year lease extension underscores 7-Eleven’s long-term commitment. CONTRACTUAL RENT EXCEEDS PURCHASE PRICE The lease offers long-term secure income stream ±$3,248,700 in contractual rental income during the initial term, exceeding the purchase price by over $300,000 and offering strong, predictable cash flow. NNN LEASE STRUCTURE Passive ownership asset easy to manage. HIGHLY SOUGHT AFTER LAS VEGAS MARKET Las Vegas is a world-renowned destination welcoming ±40MM annual visitors, and currently one of the fastest-growing metros in the U.S. HARD CORNER - 50,000+ CARS DAILY Located just ±7 miles from the Las Vegas Strip, the property is strategically positioned at the signalized hard-corner intersection of W Washington Ave and N Decatur Blvd benefiting from 50,000+ combined average daily traffic with excellent frontage and four points of direct access. BUSY 7-ELEVEN LOCATION OPEN 24/7 Busy 7-Eleven location operates 24 hours a day, 7 days a week, and benefits from multiple income streams including beer, wine, and lottery sales. RECESSION-PROOF AND E-COMMERCE RESISTANT 7-Eleven operates a necessity-based business model with demonstrated resilience through economic cycles and strong resistance to e-commerce. ESTABLISHED LOCATION This site has operated as a 7-Eleven convenience store since 1985 (±41 years), demonstrating its long-standing and successful track record at this location. NO STATE PERSONAL INCOME TAX Nevada imposes no state personal income tax and offers a business-friendly tax environment.'' CORPORATE LEASE GUARANTY WITH INVESTMENT-GRADE CREDIT Corporately guaranteed lease by 7-Eleven, the world’s largest convenience store chain with over 84,500 locations, wholly owned subsidiary of Japanese retail conglomerate seven & I holdings, currently holding an Investment-Grade Standard & Poor’s credit rating of “A-.” STRONG DEMOGRAPHIC PROFILE The property is located in a dense, high-income trade area with approximately 470,000 residents within a five-mile radius and average household incomes exceeding $90,313, supported by projected significant population growth of 3.8% annually.

FOR SALE DETAILS

PRICE

$2,948,000 USD

PRICE/SF

$1,340 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Elven - Las Vegas, NV

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

9

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

Arbi GoceCIRE PartnersMore Info
858-900-3112

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Arbi GoceCIRE PartnersMore Info
858-900-3112

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