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5230 Blue Diamond Rd Las Vegas, NV 89139

For Sale
$4,470,000

NNN Circle K ground lease in Las Vegas for sale.

Property size:
5,187 SF
Lot size:
3.38 Acres

Property Features for 5230 Blue Diamond Rd

General Information

Size
5,187 SF
Lot size
3.38 Acres

Source: Colliers | Las Vegas Agent David Grant

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Circle K Ground Lease Opportunity

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.
Location Intelligence

Current Use by Public Records

Circle K Gas Station

Suggested Use

Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Las Vegas
County
Clark
State
Nevada
Longitude
-115.215585
Latitude
36.030571

FAQs

What type of property is this?
Gas station - NNN Circle K ground lease in Las Vegas for sale.
Where is this gas station located?
The property is located at 5230 Blue Diamond Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $4,470,000.
What are key features of this property?
This property features: - Absolute NNN lease with Circle K, offering long-term passive income.; - Investment-grade credit tenant (S&P: BBB+) provides financial stability.; - Over 17 years remaining on the primary lease term, plus six 5-year option periods.
More about this property
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