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Available For Sale - Retail

9,651 SF | Show Pricing $

AVAILABILITY DETAILS

Size
9,651 SF
Price/SF
Show Pricing $
Listing ID
SA448884
Notes
LEASE ABSTRACT

Address 3220 North Pecos Road, Las Vegas, NV 89115

Building Size ±5,187 SF Convenience Store &

±4,464 SF Fueling Canopy

Lease Commencement August 1, 2021

Lease Expiration July 31, 2036

Lease Term 15 Year Ground Lease

Base Rent (2021) $14,583.33/Month or $175,000/Year

Increases 5.0% Every 5 Years

Options to Extend Nine (9) Options for 5 Years Each

Tenant Pays Taxes, Insurance, Maintenance & Utilities

Lease Type NNN

Guarantor Circle K Stores, Inc. a Texas Corporation



INVESTMENT HIGHLIGHTS

• Brand New 15-Year Ground Lease

• New Construction with 2021 Completion Date

• Signalized Corner Location w/ 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.



INVESTMENT SUMMARY

OFFERING PRICE $3,550,000

CAP RATE 4.9%

LEASE STRUCTURE NNN

LEASE START DATE August 1, 2021

LEASE EXPIRATION DATE July 31, 2036
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Chris Maling, Avison Young