NNN Convenience Store
2409 North Nellis Boulevard, Las Vegas, NV 89104
For Sale
New
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A 24-hour convenience store is leased under an absolute NNN structure with scheduled rent increases.
Property Size3,043 SF
Lot Size2.29 Acres
Price / SF$1,445
Days on Market7
Property Features for 2409 North Nellis Boulevard
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Automotive
Automotive Uses
Convenience Store
Tenancy & Operations
Currently Operating
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Additional Details
Road Access
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
MAJ Commercial Real Estate
Listed By:
Blake Federinko · License #WA 115187
(360) 823-5111
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 4:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MAJ Commercial Real Estate
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Investment Insights
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Built in 2021/2022, the convenience store comprises ±3,043 SF on a ±2.29-acre site. Midjit Market, LLC occupies the property under a 20-year absolute NNN lease through April 30, 2042. The agreement includes 10% rent increases every five years and four additional five-year renewal options. A corporate guaranty is provided by AK, Inc. An undeveloped portion of the leased site has been identified as a potential location for a car wash.
The property occupies the signalized corner of North Nellis Boulevard and East Carey Avenue, with reported traffic volumes of ±48,000 VPD and ±9,800 VPD, respectively. It is a pad to Lowe’s Home Improvement and lies approximately 1.5 miles south of Nellis Air Force Base and 6 miles from Downtown Las Vegas. The three-mile trade area has approximately 175,749 residents.
The property occupies the signalized corner of North Nellis Boulevard and East Carey Avenue, with reported traffic volumes of ±48,000 VPD and ±9,800 VPD, respectively. It is a pad to Lowe’s Home Improvement and lies approximately 1.5 miles south of Nellis Air Force Base and 6 miles from Downtown Las Vegas. The three-mile trade area has approximately 175,749 residents.
Key Highlights
- ±3,043 SF convenience store built in 2021/2022 on a ±2.29‑acre site
- 20‑year absolute NNN lease runs through April 30, 2042
- 10% rent increases every five years; four 5‑year renewal options
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
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Business Placement
Demographics for 89104, NV
41,662
Population
16,704
Households
2.5
Avg Household Size
38
Median Age
15%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
7,309
Density / Sq Mi
$50,945
Median Household Income
$34,278
Median Earnings
$1,138
Median Rent
$298,700
Median Home Value
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Market
Properties on Market for NNN properties in Las Vegas
Vacancy Rate% for Retail in Las Vegas, NV
Frequently Asked Questions
What type of property is this?
NNN property - A 24-hour convenience store is leased under an absolute NNN structure with scheduled rent increases.
Where is this nnn property located?
The property is located at 2409 North Nellis Boulevard Las Vegas, NV.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: ±3,043 SF convenience store built in 2021/2022 on a ±2.29‑acre site; 20‑year absolute NNN lease runs through April 30, 2042; 10% rent increases every five years; four 5‑year renewal options
