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Green Valley Grocery | New 20yr Corp Abs NNN 8870 S Durango Dr

10,088 SF Retail Building Las Vegas, NV 89113 £2,840,400 (£282/SF) 5% Net Initial Yield

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Investment Highlights

Brand New 20-Year Lease | Scheduled 10% Rental Increases | Options to Extend | Well Known & Established Tenant
Strong National/Credit Tenants | New Construction |Mountains Edge Marketplace (76,000 SF Lifestyle Center)
Strong Demographics In 5-Mile Trade Area | Six-Figure Incomes

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
Signalized, Hard Corner Intersection | Heavily Traveled Corridor | Walking Distance from Multiple Apartment Complexes

Executive Summary

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, Green Valley Grocery investment property located in Las Vegas, Nevada. The tenant, Midjit Market Inc., recently signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor in a state with no state income tax. Green Valley Grocery is a chain of convenience stores known for its in-store gaming machines, the company operates over 60 locations in the Las Vegas MSA.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

10,088 SF

Building Class

Year Built

2023

Price

£2,840,400

Price Per SF

£282

Net Initial Yield

NOI

£142,020

Tenancy

Single

Number of Floors

Building FAR

0.23

Land Acres

1.00 AC

Zoning

C-1 - Local Business

Parking

18 Spaces (4.4 Spaces per 1,000 SF Leased)

Frontage

293 ft on S Durango Dr

Amenities

Corner Lot
Freeway Visibility

Signage

Signalised Intersection

Air Conditioning

Mining, Quarrying, and Oil and Gas Extraction
99,999 SF
-
Lorem Ipsum
Jan 0000

Rick Crawford started and opened the first Green Valley Grocery store in Las Vegas in 1978 with the goal of serving the surrounding community in the best ways possible. To this day, he and the family have remained true to the promise of fast, convenient and friendly service while never forgetting their local roots as they continue to support the wonderful population of Southern Nevada.

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type		Lease End
	Mining, Quarrying, and Oil and Gas Extraction	99,999 SF	-	Lorem Ipsum		Jan 0000

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