529 E Lone Mountain Rd - Freestanding FOR SALE


North Las Vegas, NV 89081
$4,536,000 USD
214-560-6900
529 E Lone Mountain Rd, North Las Vegas, NV for Sale
$4,536,000 USD
Freestanding - FOR SALE
1/4
null | 4.85% Cap Rate

529 E Lone Mountain Rd
North Las Vegas, NV 89081


HIGHLIGHTS

  • Over 9 Years Remaining | Corporate Signed Lease (S&P: A-) | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Hard Corner Intersection | High Traffic Area | Dense Retail Corridor
  • Strong Demographics In The Immediate Trade Area

OVERVIEW

• 7-Eleven corporate-signed lease (S&P: A-) • Over 9 years remaining with 4 (5-year) option periods to extend • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period • 7-Eleven is the largest c-store and gas station brand in North America with over 13,000 locations across the United States and Canada • The property may qualify for bonus depreciation (consult a tax advisor)

FOR SALE DETAILS

PRICE

$4,536,000 USD

PRICE/SF

$1,543 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven | 9+yrs Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

C-1

APN/PARCEL ID

139-02-101-001

ASK ABOUT THIS PROPERTY

Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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