5350 W Charleston Blvd - Service Station FOR SALE


Las Vegas, NV 89146- Buffalo | 
$10,990,000 USD
562-230-5606
5350 W Charleston Blvd, Las Vegas, NV for Sale
$10,990,000 USD
Service Station - FOR SALE
1/2
null | 6.75% Cap Rate

5350 W Charleston Blvd
Las Vegas, NV 89146
Buffalo


HIGHLIGHTS

  • 20-year absolute net lease featuring above market 3% annual rental increases
  • Lease signed by LV Petroleum, LLC, an experienced c-store, truck stop, & QSR operator doing $1B in revenues across ~300 locations + Personal Guaranty
  • 2026 construction to tenant’s latest prototype
  • Charleston is one of Las Vegas’s major east/west arterials and is completing a major road expansion that will drive retailer demand to the area
  • 100% bonus depreciation potential (speak with accountant)
  • LV Petroleum operates over 80 travel centers, 30 c-stores, and 180 quick-service restaurants across 17 states

OVERVIEW

New construction LV Petroleum (dba Conoco) location featuring a 20-year absolute net lease with 3% annual rental increases and a personal guaranty from the founder. This 20-year absolute net lease features above market 3% annual rental increases and the landlord benefits from zero maintenance or expense obligations, making this a truly “hands-off” investment. Additionally, it features a personal guaranty from the company’s high net worth founder (ask Agent for further details). Strategically located along W Charleston Boulevard, the subject property benefits from frontage along one of the Las Vegas Valley’s primary east-west commercial thoroughfares, offering outstanding visibility, strong daily traffic, and convenient access to Summerlin, Downtown Las Vegas, U.S. 95/I-11, and the region’s major employment and retail destinations.

FOR SALE DETAILS

PRICE

$10,990,000 USD

PRICE/SF

$2,556 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Conoco

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

-

APN/PARCEL ID

138-36-815-002

ASK ABOUT THIS PROPERTY

Ryan SchultenCP Partners CREMore Info
562-230-5606

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Ryan SchultenCP Partners CREMore Info
562-230-5606

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