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This exceptional investment opportunity presents a thriving multi-tenant retail complex in Las Vegas, Nevada. The property encompasses a newly renovated 3,915 square foot building on a 0.7-acre lot, featuring a brand-new 76-branded fueling station with eight dispensers providing three grades of gasoline, on-road and off-road diesel, DEF, and propane. Completed in 2024, the property also includes a newly constructed 1,670 square foot building with two roll-up doors, designed to accommodate additional automotive-related businesses. Four drive-thru bays are also available, ideal for quick-lube or similar operations. The property boasts five tenants with a 95% occupancy rate, generating a strong net operating income (NOI) of $822,000 and a 11.83% cap rate. Two dedicated food/coffee truck spaces are projected to yield an additional $7,000 per month in revenue. The property is zoned M (Industrial) within a Las Vegas redevelopment area, potentially eligible for city incentives. Built in 1965 with renovations completed in 2024, this Class B property is offered at $6,950,000. Owner will consider owner-will-carry financing, ground lease, or lease-to-own options. The 2024-2025 real estate taxes are $5,412.36. The property's prime location, just north of West Sahara Avenue, east of US I-15, and with frontage on two well-traveled streets, ensures high visibility and accessibility. Included in the sale are the point-of-sale system, shelves, pumps, general lube equipment, propane tanks, cash register, underground fuel tanks, compressor, trash cans, receptacles, and dumpsters.
Highlights
Brand new 76-branded fueling station, estimated completion Q4 2024.
Approximately 3,915 square feet of improvements on a 0.7-acre lot, including a new building with two roll-up doors and four drive-thru bays for additional automotive businesses.
Eight fueling dispensers offering three grades of gasoline, on-road and off-road diesel, DEF, and propane.
Multiple revenue streams, including two dedicated food/coffee truck spaces projected to yield $7,000/month.
Excellent location north of W. Sahara Ave., east of US I-15, with frontage on two streets; City of Las Vegas M (Industrial) zoning, located within a redevelopment area, potentially eligible for incentives.
Owner financing (OWC) available with negotiable terms; ground lease or lease-to-own options also considered. 2024-2025 Real Estate Taxes: $5,412.36.
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Contacts
Mason Harvey
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2300 Western Ave, Las Vegas, Nevada, 89102
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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