Roam n' Stop | 10130 S Rainbow Blvd
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Roam n' Stop 10130 S Rainbow Blvd
3,002 SF Retail Building Las Vegas, NV 89178 £4,242,875 (£1,413/SF) 6% Net Initial Yield
Investment Highlights
- LONG TERM LEASE - 19+ years remaining on the initial term of the lease, 10% rent increases every 5 years, followed by Four, 5-year options.
- EXCELLENT LOCATION - Well-located asset within the growing Las Vegas MSA. High visibility and great site design to maximize tenant exposure.
- EXCELLENT DEMOGRAPHICS - Surrounding density of over 200,000 residents within a 5-mile radius.
- BONUS DEPRECIATION - Fee simple ownership of a Gas Station provides the landlord the opportunity to use accelerated Bonus depreciation model.
- TAX-FREE STATE - Nevada is one of nine states with no state income tax.
- STRONG GUARANTEE - Personal guarantor with net worth ±$70M.
Executive Summary
Prime Net Lease is pleased to present the opportunity to own a high performing roam 'n stop located in Las Vegas, Nevada. The property is encumbered with a 20-year Absolute NNN lease, leaving the landlord with zero responsibilities.
There are currently 19+ years remaining on the current lease with Four, 5-year options left. The lease features 10% rental increases every 5 years, which continue through each option, to help hedge against inflation.
This roam 'n stop is highly visible as it is strategically positioned in Las Vegas, Nevada. Las Vegas is the 25th-most populous city in the United States, the most populous city in the state of Nevada, and the county seat of Clark County. With over 2.9 million visitors as of 2019, Las Vegas is the sixth-most visited city in the U.S., after New York City, Miami, Los Angeles, Orlando, and San Francisco. It is a top-three destination in the U.S. for business conventions and a global leader in the hospitality industry.
The site takes advantage of high daily traffic counts of nearly 25,000 vehicles per day from S Rainbow Blvd and Mountain Edge Pkwy. Nationally recognized tenants such as Walmart, Meineke, Tractor Supply Co. AutoZone, Planet Fitness, Orangetheory, Albertsons, Pet Supplies Plus, McDonald's, Starbucks, Burger King, Taco Bell, and Domino's, all surround the Property, further driving consumers to the area.
At roam ‘n stop we believe that travel should not simply be measured by steps from your front door, but rather by the experience of the journey. It is about embracing the spirit of curiosity and discovery wherever it may be. Whether you just roam around the corner or roam across the country, we are here to fulfill all your travel needs.
There are currently 19+ years remaining on the current lease with Four, 5-year options left. The lease features 10% rental increases every 5 years, which continue through each option, to help hedge against inflation.
This roam 'n stop is highly visible as it is strategically positioned in Las Vegas, Nevada. Las Vegas is the 25th-most populous city in the United States, the most populous city in the state of Nevada, and the county seat of Clark County. With over 2.9 million visitors as of 2019, Las Vegas is the sixth-most visited city in the U.S., after New York City, Miami, Los Angeles, Orlando, and San Francisco. It is a top-three destination in the U.S. for business conventions and a global leader in the hospitality industry.
The site takes advantage of high daily traffic counts of nearly 25,000 vehicles per day from S Rainbow Blvd and Mountain Edge Pkwy. Nationally recognized tenants such as Walmart, Meineke, Tractor Supply Co. AutoZone, Planet Fitness, Orangetheory, Albertsons, Pet Supplies Plus, McDonald's, Starbucks, Burger King, Taco Bell, and Domino's, all surround the Property, further driving consumers to the area.
At roam ‘n stop we believe that travel should not simply be measured by steps from your front door, but rather by the experience of the journey. It is about embracing the spirit of curiosity and discovery wherever it may be. Whether you just roam around the corner or roam across the country, we are here to fulfill all your travel needs.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
3,002 SF
Building Class
B
Year Built
2021
Price
£4,242,875
Price Per SF
£1,413
Net Initial Yield
6%
NOI
£254,572
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
1.70 AC
Frontage
382 ft on South Rainbow Boulevard
PROPERTY TAXES
| Parcel Number | 176-26-312-002 | Improvements Assessment | £305,521 |
| Land Assessment | £288,143 | Total Assessment | £593,664 |
PROPERTY TAXES
Parcel Number
176-26-312-002
Land Assessment
£288,143
Improvements Assessment
£305,521
Total Assessment
£593,664
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Roam n' Stop | 10130 S Rainbow Blvd
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