5230 Blue Diamond Rd Las Vegas, NV 89139

This offering presents an opportunity to acquire a Circle K ground lease in Las Vegas, Nevada. The property features a 5,187-square-foot convenience store with 16 fuel pumps, situated on a 1.17-acre parcel. The lease is absolute NNN, offering zero landlord responsibilities. The primary lease term is 20 years, with over 17 years remaining, and includes six 5-year option periods. Rent increases by 5% every 5 years. The tenant has an investment grade credit rating (S&P: BBB+). The property is strategically located on the hard corner of Blue Diamond Road and Edmond Street, with a traffic count of 63,900 vehicles per day. It is also located within 2 miles of Interstate 15, which sees over 153,000 vehicles per day. The location is 1.2 miles from the Target and Kohl’s anchored Blue Diamond Crossing power center and 1.8 miles from Bass Pro Shops and the Silverton Casino Resort, which includes over 300 deluxe rooms and suites and a 90,000-square-foot casino. Nearby retailers include Albertson’s, Grocery Outlet, Bank of America, McDonald’s, In-N-Out, Starbucks, Chipotle, Panera Bread, and Jack in the Box.