8870 Durango Dr, Las Vegas, NV 89113-5214
- Commercial land
- 1.78 lot acres
Current Use by Public Records
- Shell / Grocery & Convenience Store
- Phantom Fireworks Stand / Discount Store / Party Supply Store
- Store # 88 / Grocery & Convenience Store
Property Details for 8870 Durango Dr
- Lot size
- 1.78 lot acres
- Property type
- Commercial land
- APN
- 176-16-401-025
- APU
- 17616401025
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 28, 2022 | — | Durango Pebble Plaza LLC | Al Lopez | Bargain And Sale Deed | $2.8M · First Savings Bank |
| Mar 2, 2021 | — | Durango Plaza Holdings Rlt | Durango Plaza Holdings LLC | Intrafamily Transfer · related | — |
| Feb 24, 2021 | — | Durango Plaza Holdings II Rlt | Durango Plaza Holdings II LLC | Intrafamily Transfer · related | — |
| Dec 4, 2020 | — | County Of Clark | Durango Plaza Holdings LLC | Grant Deed · related | — |
| Jul 7, 2020 | $1,225,000 | Durango Plaza Holdings LLC | Roy Family LLC | Grant Deed · related | — |
| Mar 17, 2006 | — | Roy Family LLC | Roy Jerry Trust | Quit Claim Deed · related | — |
| Nov 9, 2005 | — | Roy Jerry Trust Agreement | Roy,jerry | Quit Claim Deed · related | — |
Description
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a brand-new, 4,093 square-foot convenience store and gas station in Las Vegas, Nevada. The property boasts a 20-year absolute NNN lease, commencing March 1, 2023, and expiring March 1, 2043, with four 5-year renewal options. The lease includes a 10% rental increase every five years, providing significant long-term growth and inflation protection. The property generates a strong net operating income (NOI) of $180,000, resulting in a 5.00% cap rate. Situated on a one-acre lot with 18 parking spaces, the property is located at a signalized, hard-corner intersection on a heavily traveled corridor, benefiting from high visibility and accessibility. The strategic location within the Mountains Edge Marketplace (a 76,000 square-foot lifestyle center) and proximity to multiple apartment complexes ensures a robust customer base. The property's zoning is (C-1) Local Business, and it features a well-known and established tenant with a strong national presence. The 5-mile trade area boasts strong demographics, including a high average household income exceeding six figures. This is a truly exceptional, management-free investment opportunity in a state with no state income tax. The property's APN is 176-16-401-025. The asking price is $3,600,000, translating to $879.55 per square foot. This is a rare chance to acquire a high-performing, low-maintenance asset with significant long-term growth potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.279
- Latitude
- 36.0255
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
