Circle K NNN Property For Sale — Las Vegas, NV
5230 Blue Diamond Rd, Las Vegas, NV 89139
This investment opportunity features a new prototype Circle K convenience store with a 20-year absolute NNN ground lease in a high-growth Las Vegas market. The property benefits from its strategic location on a hard corner with high traffic counts and excellent visibility. Circle K is an investment-grade tenant (S&P: BBB+), providing a secure income stream with zero landlord responsibilities. The lease includes attractive 5% rent increases every 5 years and multiple 5-year option periods, making this an ideal asset for a long-term, passive investment.
- Address: 5230 Blue Diamond Rd, Las Vegas, NV 89139
- Asking price $4.47M
- 4.65% cap rate
- NOI $199,485
- 20 years remaining
- NNN lease
- Year built: 2025
- Building size: 5,187 SF
- Lot size: 1.17 acres
- Rent increases: 5% rent increases every 5 years
- Guarantor: Corporate
Location
This Circle K property is at 5230 Blue Diamond Rd in Las Vegas, Nevada.
Asset type: Retail