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Roam 'n Stop
BONUS DEPRECIATION | 10 MILES FROM LAS VEGAS STRIP | NEWLY BUILT
Listing Contacts
License: RI REC.001881, OK 177814, KS 239819, AR PB00082359, NH 075994, GA 378952, 10849665-PB00, LA 0995684990-ASA, IL 471020548, PA RM432816, CO 100075683, TX 701472, WV B200300608, OH BRK.200900214, NV B.1002481.CORP
Active
Asking Price: $5,410,000
Address
10130 S Rainbow Blvd, Las Vegas, NV 89139
Show on MapDate Added
Feb 27, 2025
Days on Market
25 days
Time Since Last Update
25 days
Details
Property TypeRetail
SubtypeConvenience Store, Gas Station, Storefront
Investment TypeNet Lease
Investment Sub TypeConvenience Store / Gas Station
ClassA
Lease TypeAbsolute NNN
Tenant CreditFranchisee, Corporate Guarantee
TenancySingle
Brand/Tenant7-Eleven, 76 Gas, roam n' stop
Lease Term20 years
Lease Commencement12/22/2022
Lease Expiration12/31/2042
Remaining Term17.8 years
Square Footage3,000
Price/Sq Ft$1,803.33
Cap Rate6.25%
Occupancy100%
NOI$338,130
Units1
Year Built2021
Buildings1
Lot Size (acres)1.7
Rent Bumps2% Annually
Gas Pumps12
Broker Co-OpYes
Lease OptionsFour, 5-year options
OwnershipFee Simple
Marketing Description
For Sale
Investment Highlights
-
LONG TERM LEASE - 17+ years remaining on the initial term of the lease, 2% Annual Rental Increases, followed by Four, 5-year options, also featuring rent increases.
EXCELLENT LOCATION - Well-located asset within the growing Las Vegas MSA. High visibility and great site design to maximize tenant exposure. Positioned near more than 70 major neighboring National Retailers including Walmart, Smith's, Public Storage, Subway, McDonald's, Smoothie King, Denny's, and Walgreens.
NEW DEVELOPMENT - New retail developments including Child Learning Center and Fast Food coming to the area.
TAX-FREE STATE - Nevada is one of nine states with no state income tax.
EXCELLENT DEMOGRAPHICS - Surrounding density of over 200,000 residents within a 5-mile radius and projected 5-year population growth of 12.4%.
STRONG GUARANTEE - Personal guarantor with net worth ± $70M.
RECENTLY BUILT - Newly constructed property in 2021.
ABSOLUTE NNN LEASE - Zero Landlord Responsibilities. Ideal for Investors not Local to the Market or looking for a "hands off" investment.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$338,130.00
$28,177.50/mo
Valuation Metrics
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0
DSCR
6.25%
Cap Rate
6.25%
ROI
Property History
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Due Diligence
Listing Contacts
- License: RI REC.001881, OK 177814, KS 239819, AR PB00082359, NH 075994, GA 378952, 10849665-PB00, LA 0995684990-ASA, IL 471020548, PA RM432816, CO 100075683, TX 701472, WV B200300608, OH BRK.200900214, NV B.1002481.CORP
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Invest in successful retail in Las Vegas!
Invest in successful retail in Las Vegas!
7400 S Las Vegas Blvd Las Vegas, NV 89123
Sin City Realty LLC
See more properties for sale in Las Vegas
Broker Information
Broker Information
Broker Name
Brian Brockman
Broker License
NV B.1002481.CORP
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