8105 Rainbow Blvd, Las Vegas, NV 89113

Property Details for 8105 Rainbow Blvd

Year built

2024

Lot size

0.92 lot acres

Property type

Retail properties & Spaces

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a newly constructed 7-Eleven convenience store and gas station in Las Vegas, Nevada. The property boasts a 3,062 square foot building situated on a 0.92-acre lot at a high-traffic intersection (S Rainbow Blvd & W Windmill Lane, exceeding 44,300 vehicles per day). The property features 12 fuel pumps and benefits from a strong location near major retailers including Walmart, Sprouts, Albertsons, and more. A 15-year net lease (NNN) with a commencement date of June 15, 2024, and an expiration date of June 30, 2039, provides a remaining lease term of approximately 14.6 years. The lease includes 10% rent increases every five years and a corporate guarantee from 7-Eleven, minimizing landlord responsibilities. The property's net operating income (NOI) is $250,000, resulting in a 4.55% cap rate. The asking price is $5,500,000, translating to $1,796.21 per square foot. Built in 2024, this asset offers a compelling combination of long-term stability, predictable income, and significant upside potential in a rapidly growing Las Vegas market. The property's location within the affluent Summerlin/Southern Highlands area further enhances its desirability. This is a rare opportunity to acquire a high-quality, net-leased 7-Eleven with a long-term lease, built-in rent increases, and minimal landlord responsibilities, providing years of inflation-resistant income. The Clark County APN is 176-15-501-008. The property is 100% occupied.

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Longitude

-115.244

Latitude

36.0402