We are pleased to offer to qualified investors an opportunity to purchase (fee simple) a two tenant NNN retail investment that is located just 5 miles west of the Las Vegas Strip and is 100% leased as a Shell/Green Valley Grocery convenience store with gas along with Smog Busters; the Number 1 emissions testing company in Nevada. This offering provides investors with long term cash flow from an internet resistant tenant profile as Shell/Green Valley Grocery has just extended their lease for an additional 10 years through 4/3/2029 which includes a 10% rent increase in year 2024. Positioned on W Flamingo Road, the subject is surrounded by major retailers such as Smith’s Food and Drug, Walgreens, McDonald’s, Albertsons, Big 5 Sporting Goods, Jack in the Box and more. Additionally, the site is located directly across from the Nevada DMV office and is less than a mile from Spring Valley High School which is the only high school serving the Spring Valley School District. This is an excellent opportunity to acquire a proven NNN retail asset as GVG & Smog Busters have occupied since 2000 & 1999 respectively, that is located in the fast growing West Nevada retail market, with 10 years remaining on 87% of the income (with plans for GVG to invest $300,000 on store renovations and added fuel capacity with diesel) and minimal landlord responsibilities.
| Parcel Numbers | 163-21-119-004, 163-21-101-032 | Improvements Assessment | $234,633 |
| Land Assessment | $306,745 | Total Assessment | $541,378 |
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