Property Details

Circle K

Las Vegas, NV
Property ID: 14626

Financial Summary

Asking Price $3,675,000
Cap Rate 4.76%
Net Operating Income (NOI) Call for Details
Lease Type Ground Lease, NNN
Increases 5% Every 5 Years
Request Offering Memorandum

Contact

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

Share Property

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