4309 W. Craig Rd., Las Vegas, NV 89032

4309 W. Craig Rd., Las Vegas, NV 89032

— For Sale —

Offering Price $13,600,000

CAP Rate 7.06%

NOI $961,500

Building Square Footage ± 10,998 SF

Property Information

The Investment Services Group of LOGIC Commercial Real Estate has been exclusively retained to offer qualified investors the opportunity to acquire a Fabulous Freddy’s Convenience Store & Car Wash, Valvoline Lube Shop, and Shell Gas Station. The Property is comprised of ± 10,998 SF of building area situated on ± 1.62 acres at the signalized southwest corner of W. Craig Rd. and Valley Dr. Built in 2006 as a build-to-suit, the Property is equipped with 4 MPD’s / 8 fuel positions, convenience store, a quick-service 3-bay lube shop, a car wash tunnel, a full-service car wash station, and a restricted gaming license with 7 slot machines. The lease is structured as an absolute triple-net (NNN) to Fabulous Freddy’s with just over 10 years remaining in current lease term plus three 10-year options at market rates, offering investors a passive income opportunity with zero landlord responsibilities.

This location is one of six Fabulous Freddy’s sites operating across Nevada and Utah. The Property also benefits from strong demographics, with
± 168,025 residents and an average annual household income of $93,883 within a 3-mile radius.

Contact

Brokerage

Blaze Katz

Associate
Las Vegas
License S.0195070
C 702.690.0407
More Info
Brokerage

Cathy Jones,
CPA, SIOR, CCIM

Executive Vice President
Las Vegas
License BS.0056010
C 702.595.8765
More Info
Brokerage

Paul Miachika

Executive Vice President
Las Vegas
License S.0184612
O 602.814.0661
C 602.670.6576
More Info
Brokerage

Allyson Weber

Associate
Las Vegas
License S.0199573
linkedin-square
O 702.954.4183
C 702.278.8865
More Info