7941 Decatur Blvd, Las Vegas, NV 89131

Property Details for 7941 Decatur Blvd

Year built

2024

Lot size

1.02 lot acres

Property type

Retail properties & Spaces

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a brand-new, 4,600-square-foot 7-Eleven gas station and convenience store in North Las Vegas, Nevada. Built in 2024, this Class A property boasts a 20-year absolute NNN ground lease with a credit-rated tenant, eliminating landlord responsibilities. The property sits on a 1.02-acre lot in a prime location at a signalized intersection with 14,535 vehicles per day, offering excellent visibility and exposure. The strategic positioning at the main entrance to the Valley Vista Master Planned Community, a 2,600-acre development by D.R. Horton featuring 4,100 new homes and numerous amenities, ensures a robust and growing customer base. With an average household income within one mile exceeding $117,440, this affluent trade area presents significant upside potential. The property's high barriers to entry are further enhanced by the lack of competing gas stations within a half-mile radius. The asking price is $4,736,842, representing a compelling $1,029.75 per square foot and a 4.75% cap rate on a $225,000 net operating income (NOI). The property is zoned C-1 MPC (Master Plan Community Neighborhood Commercial) and enjoys 100% occupancy. This is a rare opportunity to acquire a high-performing, low-maintenance asset in one of the nation's fastest-growing markets. The nearest competitor is ranked in the top 98th percentile in Nevada for visits, according to Placer AI, highlighting the exceptional location and potential for continued success.

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Longitude

-115.224

Latitude

36.3656