NWC Cheyenne Ave. & Bucyrus Erie St. - Convenience Store FOR SALE


North Las Vegas, NV 89030
$5,263,000 USD
480-221-4221
NWC Cheyenne Ave. & Bucyrus Erie St., North Las Vegas, NV for Sale
$5,263,000 USD
Convenience Store - FOR SALE
1/7
null | 4.75% Cap Rate

NWC Cheyenne Ave. & Bucyrus Erie St.
North Las Vegas, NV 89030


HIGHLIGHTS

  • 20-Year Ground Lease | Options To Extend | Scheduled Rental Increases | New Construction
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Excellent Visibility & Access | Dense Retail Corridor | I-15 Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Brand new 20-year ground lease that features 6 (5-year) option periods • There is 10% rental increases every five years and at the beginning of each option period, steadily increasing NOI and providing a hedge against inflation • Newly constructed travel center offering multiple amenities for travelers, including 8 gas pumps, 5 diesel pumps, 101 parking spaces (including 19 truck parking spaces), and a car wash

FOR SALE DETAILS

PRICE

$5,263,000 USD

PRICE/SF

$550 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Terrible's Travel Center | Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

101

LAND DETAILS

LAND ACRES

3.45 AC

LAND SF

150,282 SF

ZONING

M-2

APN/PARCEL ID

139-11-401-008

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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