Property Details

Circle K

Las Vegas, NV
Property ID: 14626

    Financial Summary

    Asking Price $3,550,000
    Cap Rate 4.90%
    Net Operating Income (NOI) Call for Details
    Lease Type Ground Lease, NNN
    Increases 5% Every 5 Years
    The Offering Memorandum for this property is no longer available.

    Contact

    David Maling
    Principal
    213.618.3825
    Christopher E. Maling
    Principal - Retail Capital Markets
    213.618.3824
    Richard Orosel
    Vice President
    702.637.7289

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    Highlights

    • Brand new 15-year ground lease
    • New construction with 2021 completion date
    • Signalized corner location with ample street visibility and multiple ingress/egress
    • Located in Las Vegas, the 28th most populated city in the United States and the most populated city in the State of Nevada
    • Nearby neighborhood shopping centers & national credit retailers: Wendy’s, Autozone, Dollar General, 99 Cents Only Stores, Domino’s Pizza, Jack in the Box, Walgreens, and more
    • Absolute NNN lease with zero landlord expense
    • Seller will credit the buyer from the close of escrow until rent commencement the monthly rent per the lease. Therefore, extending the lease period more than 15 years

    Location

    3220 North Pecos Road
    Las Vegas, NV

    Leigh ClineCircle K