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Circle K at Craig Rd and Lamb Blvd
Retail | 4.65% CAP | 5,200 SF
Listing Contacts
License: NV S.00131713.LLC
License: Nevada
Active
Asking Price: $3,979,000
Address
4385 N Lamb Blvd, North Las Vegas, NV 89030
Show on MapDate Added
Feb 10, 2025
Days on Market
42 days
Time Since Last Update
41 days
Details
Property TypeRetail
SubtypeConvenience Store, Gas Station, Storefront
Investment TypeSale/Leaseback
ClassA
TenancySingle
Brand/TenantCircle K
Lease Term15 years
Lease Commencement09/05/2023
Lease Expiration09/30/2038
Remaining Term13.5 years
Square Footage5,200
Price/Sq Ft$765.19
Cap Rate4.65%
Occupancy100%
NOI$185,000
Units1
Year Built2025
Year RenovatedN/A
Buildings1
Stories1
ZoningC-2
Lot Size (acres)1.19
Parking (spaces)26
Rent Bumps10% rental increases every five (5) years
APN140-06-714-009
Lease Options5
Ground LeaseYes
OwnershipN/A
Sale ConditionSale for leaseback
Marketing Description
A prime investment property featuring Circle K’s latest prototype design: a 5,200 SF freestanding convenience store built in 2025 and six (6) canopied MPD’s for added customer convenience. Strategically located in North Las Vegas, near transformative developments such as Vantage North, a planned 4.5-million-square-foot distribution facility, and the mixed-use NLV Gateway project, featuring retail and healthcare. Near key developments, including the 369,198-square-foot Craig Road Logistics Center and 98,783 SF-square-foot Las Vegas Corporate Center.
Investment Highlights
Situated in North Las Vegas, NV, near the high-traffic intersection of E Craig Rd and N Lamb Blvd. Surrounded by dense industrial areas, including multiple logistics hubs and manufacturing facilities, which employ thousands of workers and drive consistent daily traffic to the area. Located near Nellis Air Force Base, a significant regional employment hub with over 12,000 active duty personnel and civilian employees. E Craig Rd traffic counts exceed 60,000 vehicles per day within one mile, ensuring maximum exposure.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$185,000.00
$15,416.67/mo
Valuation Metrics
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0
DSCR
4.65%
Cap Rate
4.65%
ROI
Property History
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Due Diligence
Listing Contacts
- License: NV S.00131713.LLC
- License: Nevada
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Broker Information
Broker Information
Broker Name
Dan Hubbard
Broker License
NV S.00131713.LLC
Brokerage Name
Cushman & Wakefield
Broker Title
Managing Director
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