For Sale
$5,500,000

8105 Rainbow Blvd Las Vegas, NV 89113

High-yield 7-Eleven investment. Strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a newly constructed 7-Eleven convenience store and gas station in Las Vegas, Nevada. The property boasts a 3,062 square foot building situated on a 0.92-acre lot at a high-traffic intersection (S Rainbow Blvd & W Windmill Lane, exceeding 44,300 vehicles per day). The property features 12 fuel pumps and benefits from a strong location near major retailers including Walmart, Sprouts, Albertsons, and more. A 15-year net lease (NNN) with a commencement date of June 15, 2024, and an expiration date of June 30, 2039, provides a remaining lease term of approximately 14.6 years. The lease includes 10% rent increases every five years and a corporate guarantee from 7-Eleven, minimizing landlord responsibilities. The property's net operating income (NOI) is $250,000, resulting in a 4.55% cap rate. The asking price is $5,500,000, translating to $1,796.21 per square foot. Built in 2024, this asset offers a compelling combination of long-term stability, predictable income, and significant upside potential in a rapidly growing Las Vegas market. The property's location within the affluent Summerlin/Southern Highlands area further enhances its desirability. This is a rare opportunity to acquire a high-quality, net-leased 7-Eleven with a long-term lease, built-in rent increases, and minimal landlord responsibilities, providing years of inflation-resistant income. The Clark County APN is 176-15-501-008. The property is 100% occupied.

Highlights

  • Brand new 15-year corporate NNN ground lease with 7-Eleven.
  • High-traffic, signalized corner lot in a rapidly growing Las Vegas area.
  • Investment-grade asset anchored by the largest convenience store chain in the U.S., the #1 fastest-growing global franchise in 2023.
  • Located in an affluent residential area near Summerlin and Southern Highlands, across from a Smiths grocery store.
  • New 2024 prototype building with gas and convenience store; bonus depreciation available.
  • Iconic brand with low risk and long-term investment potential.

Property Details for 8105 Rainbow Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
3,062 SF
Year Built
2024
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.0402481
Longitude
-115.2440573

FAQs

What type of property is this?
Retail property - High-yield 7-Eleven investment. Strong cash flow.
Where is the retail property located?
The property is located at 8105 Rainbow Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Brand new 15-year corporate NNN ground lease with 7-Eleven.; High-traffic, signalized corner lot in a rapidly growing Las Vegas area.; Investment-grade asset anchored by the largest convenience store chain in the U.S., the #1 fastest-growing global franchise in 2023.
How can I contact the broker?
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8105 Rainbow Blvd
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