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Circle K 5230 Blue Diamond Rd

5,187 SF Retail Building Las Vegas, NV 89139 £3,539,021 (£682/SF) 4.20% Net Initial Yield

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Investment Highlights

New 20 Yr. Absolute NNN Ground Lease by Circle K Stores, Inc. - Opening Q1 2023
One of the Largest Gas/C-Stores in the World (15,000+)- Subsidiary of Couche-Tard
Affluent Residential Area ($117,837 HHI) - Summerlin/Southern Highlands

World Famous Tourist Destination (49M+ Yearly) - Huge Population/Business Growth
Large 1.15+/- Acre Lot - C Store with Gas Canopy - Zero LL Duties - 5% Rent Bumps Every 5 Yrs.
Strong International Parent Co. (Toronto Exchange: ATD) - Market CAP over $64B

Executive Summary

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors, an opportunity to acquire a new construction Absolute NNN ground lease with Circle K in Las Vegas, NV. Positioned Directly on Blue Diamond Rd (Nevada State Route 160), which sees over 55,900+ VPD, this site will include a 5,000+ SF convenience store and 16 fuel pumps. With a 20-year primary lease, six 5-year options, and 5% rent increases every 5 years, this is an ideal investment for a coupon clipper or an investor desiring zero landlord responsibilities with steady rent increases.
Nearby retailers include The Habit Burger, Cafe Rio, Wingstop, Burger King, Little Caesars, 7-Eleven and Alberton’s. This is an excellent opportunity to acquire a well-located retail ground lease with 20 years of worry-free cash flows, 30 years in options, and rent increases.