Nec Las Vegas Blvd. & Carey Ave North Las Vegas, NV 89030

Property Details for 0 Nec Las Vegas Blvd. & Carey Ave

Year built

2024

Lot size

1.20 lot acres

Property size

4,719 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a brand-new, 4,719 square foot Chevron and Terrible Herbst gas station and convenience store, built in 2024, situated on a 1.2-acre lot in North Las Vegas, Nevada. The property boasts a prime location at the signalized intersection of Las Vegas Boulevard and Carey Avenue, benefiting from exceptional visibility and high traffic counts exceeding 33,600 vehicles per day. The property is further enhanced by its proximity to the I-15 Freeway (approximately 206,000 VPD), providing easy access for commuters. This single-tenant property features eight gas pumps and a car wash, operating under a 20-year absolute NNN ground lease with a strong corporate guarantee from Terrible Herbst, Inc., a major operator with approximately 176 locations. The lease includes ten percent rent increases every five years, with options for renewal. The property's strong financial performance is reflected in its $160,000 net operating income (NOI) and a 5.00% cap rate. The asking price is $3,200,000. The property is zoned General Commercial (C-2) and serves a dense trade area with approximately 495,326 residents within a five-mile radius, boasting an average annual household income of $66,046. This presents a compelling investment opportunity with significant long-term growth potential in a rapidly expanding market. The property's location near North Las Vegas City Hall and Municipal Courts, along with nearby co-tenants such as Smith's, La Bonita, and other major retailers, further solidifies its value and attractiveness.

Location Insight

City

North Las Vegas

County

Clark

State

Nevada

Longitude

-115.118

Latitude

36.2032