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10130 S Rainbow Blvd
Las Vegas, NV 89178 South Las Vegas

$5,390,000 USD

Service Station For Sale  •  3,002 SF

Property Details

  • Property Type Service Station
  • Total Building Size 3,002 SF
  • Lot Size 1.7 AC
  • Building Class B
  • Year Built 2021
  • Cap Rate 6.40 %
  • Tenancy Single
  • Zoning M-D
0 Transit Score
30 Walk Score

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.
BONUS DEPRECIATION - Fee simple ownership of a Gas Station provides the landlord the opportunity to use accelerated Bonus depreciation model.
EXCELLENT LOCATION - Well-located asset within the growing Las Vegas MSA. High visibility and great site design to maximize tenant exposure.
TAX-FREE STATE - Nevada is one of nine states with no state income tax.
EXCELLENT DEMOGRAPHICS - Surrounding density of over 200,000 residents within a 5-mile radius.
STRONG GUARANTEE - Personal guarantor with net worth ±$70M.

Property Flyers

Cap Rate: 6.40 %

Public Transportation

AirportDriveWalkDistance
Harry Reid International 16 min - 10.0 mi
Boulder City Municipal 40 min - 27.6 mi
Michael Matusik 714-874-4004 Prime Net Lease
Michael Matusik 714-874-4004 Prime Net Lease