Listed by NAI Excel
$1,183,000
7-Eleven Corporate Net Leased Investment
Details
APN 138-25-618-057
Property Type Retail
Sub Type Convenience Store
Square Footage 2,200
Cap Rate 5.00%
NOI $59,169
Tenancy Single
Lease Type NNN
Lease Expiration 08/31/2029
Rent Bumps Yes
Lease Options One, 5-year (9/1/2029 - 8/31/2034)
Year Built 1966
Acreage 0.260
Zoning C-1, Commercial
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/01/2014
Retail | 5.00% CAP | 2,200 SqFt
Marketing description
±2,200 SF 7-Eleven corporate net leased investment opportunity located at the signalized intersection of Decatur Boulevard and Washington Avenue in Las Vegas. The property features more than 40 years of occupancy history with approximately 3 years remaining on the current lease term plus a 5-year renewal option and 10% rent increases every five years. Situated on ±0.26 acres with exposure to more than 44,000 vehicles per day at the intersection, the site offers a stable single-tenant investment in a dense infill trade area near major retail, medical, and residential corridors.
Investment highlights
- 40+ Years Occupancy History
- 3+ Years Remaining Term, w/ 5-Year Option
- 10% Rent Bumps Every 5 Years
- ±44,000+ Vehicles Per Day at Intersection
Listing Contacts
Listed by NAI Excel
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,169.00
$4,930.75/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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