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31134237
31134238

1005 American Pacific Dr, Henderson, NV 89074 For Sale

PK
01446947, CA 01446947 (+1)
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County
$3,052,500
122 days on market
Updated 3 days ago

Green Valley Grocery

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 3,700
Net Rentable (SqFt) 3,700
Units 1
Cap Rate 5.60%
NOI $170,940
Occupancy 100%
Tenancy Single
Brand/Tenant Green Valley Grocery
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/27/2035
Remaining Term 8.6
Rent Bumps Yes
Lease Options Four, Five-Year Options
Price per SqFt $825
Broker Co-Op Yes
Class A
Year Built 2020
Buildings 1
Acreage 0.760
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/19/2020
Occupancy Date 02/19/2020
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner

Corporate Guaranty | Absolute NNN | Affluent Area

Marketing description

The subject property is a Green Valley Grocery built in 2020 located in Henderson, Nevada. Green Valley Grocery signed a fifteen-year triple net lease with 10% increases every five years and in each of the four, five-year options. In October 2025, Green Valley Grocery was purchased by Anabi Oil, a privately held California-based fuel distributor and operator of over 500 locations.

Investment highlights

- Newer 2020 Construction Green Valley Grocery – 9 Years Remaining on the Original 15-Year Absolute NNN Lease in Henderson, NV Featuring 10% Rental Increases Every Five Years and in Each Option.

- Green Valley Grocery is a long-established Southern Nevada Convenience-Store and Fuel Chain and was recently purchased by Anabi Oil, a 500+ Unit Fuel Distributor and Retailer.

- Features Easy Access and Excellent Visibility on the Hard, Signalized Corner of American Pacific Drive and North Gibson Road | Less than One-Half Mile to I-215 (±140,000 VPD).

- Strong Proximity to National Retailers Including Raising Cane’s, Dunkin’, Caliber Collision, Farmer Boys, Del Taco, Carl’s Jr, WinCo Foods, and many more.

- Features Dense Population and Highly Affluent Area – Nearly 116,000 people reside in a three-mile radius, over 306,000 in a five-mile radius, and impressive average household incomes of $108,000 per year.

Listing Contacts

PK
01446947, CA 01446947 (+1)
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,940.00
$14,245.00/mo

Valuation Metrics

0
DSCR
5.6%
Cap Rate
5.6%
ROI

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Additional Information

Name
Cameron (Frank) Glinton
License
NV B.1002894.CORP
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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