5230 Blue Diamond Rd - Convenience Store FOR SALE


Las Vegas, NV 89139- South Las Vegas
$4,470,000 USD
949-903-3399
5230 Blue Diamond Rd, Las Vegas, NV for Sale
$4,470,000 USD
Convenience Store - FOR SALE
1/6
null | 4.25% Cap Rate

5230 Blue Diamond Rd
Las Vegas, NV 89139
South Las Vegas


HIGHLIGHTS

  • Newer 20 Yr. Absolute NNN Ground Lease by Circle K Stores, Inc. - 17+ Yrs. Plus Options
  • World-Famous Tourist Destination (49 M+ Yearly) - Huge Population and Business Growth
  • One of the Largest Gas/C-Store Chains in the World (15,000+) - Subsidiary of Couche-Tard
  • Large 1.17-Acre Lot - C-Store with Gas (2024 Prototype) - Zero LL Duties - 5% Bumps Every 5 Yrs.
  • Affluent Residential Trade Area ($139,208 HHI) - Surrounded by Summerlin/Southern Highlands
  • Path of Growth for Booming Las Vegas Market - High-Profile Retail Corridor - Huge Traffic Counts

OVERVIEW

Colliers International is pleased to offer investors a great opportunity to acquire the absolute NNN Circle K ground lease in Las Vegas, NV. Circle K operates over 14,000 stores across 26 countries, is one of the largest independent convenience store operators in the United States, and employs over 124,000 people around the world. With a 20-year primary term (over 17 years remaining), six 5-year option periods, 5% rent increases every 5 years, investment grade credit (S&P: BBB+), and zero landlord responsibilities, this asset is ideal for an investor seeking long-term passive income. The 5,187 SF convenience store with 16 fuel pumps on a 1.17-acre parcel is strategically positioned on the hard corner of Blue Diamond Road (63,900 VPD) and Edmond Street. It is located within 2 miles of Interstate 15, which sees over 153,000 VPD. Additionally, the subject property is only 1.2 miles from the Target and Kohl’s anchored Blue Diamond Crossing power center and is only 1.8 miles from Bass Pro Shops and the Silverton Casino Resort. The Silverton offers over 300 deluxe rooms and suites, a 90,000 SF casino, and is adjacent to the 165,000 SF Bass Pro Shops Outdoor World. Nearby retailers include Albertson’s, Grocery Outlet, Bank of America, McDonald’s, In-N-Out, Starbucks, Chipotle, Panera Bread, Jack in the Box, and more. This is an excellent opportunity to purchase a long-term, absolute NNN leased Circle K in Las Vegas with an investment-grade national tenant, no landlord responsibilities, and strong demographics providing effortless income for years to come.

FOR SALE DETAILS

PRICE

$4,470,000 USD

PRICE/SF

$862 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

MD

APN/PARCEL ID

176-13-814-002

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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