7960 Decatur BlvdLas Vegas, NV 89131

Property Details for 7960 Decatur Blvd

Year built

2024

Lot size

0.80 AC

Property size (Sq ft)

5,000 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 5,000 square foot, Class A retail property in Las Vegas, Nevada. Located at 7960 N Decatur Blvd, this single-tenant, absolute NNN leased convenience store, grocery store, and QSR establishment boasts a 20-year lease commencing January 1, 2025, and expiring December 31, 2044. The property features 15 gaming machines, a rare license with no competing taverns within a two-mile radius. The asking price is $3,750,000, representing a $750 per square foot price and a 6.00% cap rate, with a current NOI of $225,000. The lease includes 10% rent bumps every five years and four five-year renewal options. Situated on 0.8 acres of land in a C-1 MPC (Master Plan Community Neighborhood Commercial) zone, the property benefits from its prime location at the main entry point to the new Valley Vista Master Planned Community by D.R. Horton, a development encompassing 4,100 new homes. The affluent trade area boasts an average household income of $117,440 within a one-mile radius. This property offers a secure, long-term investment with significant upside potential, driven by robust population growth projections for the Las Vegas metro area, expected to expand by 14% through 2028. The building, constructed in 2024, is currently 100% occupied. This fee-simple ownership opportunity provides a compelling combination of strong tenant performance, favorable lease terms, and a rapidly growing market.

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.3051

Longitude

-115.207

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