5230 Blue Diamond Rd, Las Vegas, NV 89139

Colliers International is pleased to offer investors a great opportunity to acquire the absolute NNN Circle K ground lease in Las Vegas, NV. Circle K operates over 14,000 stores across 26 countries, is one of the largest independent convenience store operators in the United States and employs over 124,000 people around the world. With a 20-year primary term (over 19 years remaining), six 5-year option periods, 5% rent increases every 5 years, investment grade credit (S&P: BBB+), and zero landlord responsibilities, this asset is ideal for an investor seeking long-term passive income.

The 5,187 SF convenience store with 16 fuel pumps on a 1.17-acre parcel is strategically positioned on the hard corner of Blue Diamond Road (63,900 VPD) and Edmond Street. It is located within 2 miles of Interstate 15, which sees over 153,000VPD. Additionally, the subject property is only 1.2 miles from the Target and Kohl’s anchored Blue Diamond Crossing power center and is only 1.8 miles from Bass Pro Shops and the Silverton Casino Resort. The Silverton offers over 300 deluxe rooms and suites, a 90,000 SF casino, and is adjacent to the 165,000 SF Bass Pro Shops Outdoor World. Nearby retailers include Albertson’s, Grocery Outlet, Bank of America, McDonald’s, In-N-Out, Starbucks, Chipotle, Panera Bread, Jack in the Box, and more.

This is an excellent opportunity to purchase a long-term, absolute NNN leased Circle K in Las Vegas with an investment-grade national tenant, no landlord responsibilities, and strong demographics providing effortless income for years to come.

Clark County is dynamic and innovative, dedicated to providing top-quality service with integrity, respect and accountability. With jurisdiction over the world-famous Las Vegas Strip and covering an area the size of New Jersey, Clark is the nation’s 11th-largest county and provides extensive regional services to more than 2.4 million citizens and an average of more than 43 million visitors a year. Included are the nation’s 5th-busiest airport, air quality compliance, social services and the state’s largest public hospital, University Medical Center. The County also provides municipal services that are traditionally provided by cities to 1 million residents in the unincorporated area. Those include fire protection, roads and other public works, parks and recreation, and planning.