Conoco

Highlights:

• Long-Term Lease: 20-year absolute net lease featuring above market 3% annual rental increases
• Large Operator: Lease signed by LV Petroleum, LLC, an experienced c-store, truck stop, and QSR operator doing $1B in revenues across ~300 locations + Personal Guaranty
• Brand-New Building: 2026 construction to tenant’s latest prototype
• Ideal Location: Charleston is one of Las Vegas’s major east/west arterials and is completing a major road expansion that will drive retailer demand to the area via boosted traffic counts, numerous new signals, and an easy-to-travel new road
• Tax Incentive: 100% bonus depreciation potential (speak with accountant)
• Long Operating History: The tenant is LV Petroleum, LLC, an experienced c-store, truck stop, and QSR operator with over 12 years of operating history

Description:

This 20-year absolute net lease features above market 3% annual rental increases and the landlord benefits from zero maintenance or expense obligations, making this a truly “hands-off” investment. Additionally, it features a personal guaranty from the company’s high net worth founder (ask Agent for further details).

Strategically located along W Charleston Boulevard, the subject property benefits from frontage along one of the Las Vegas Valley’s primary east-west commercial thoroughfares, offering outstanding visibility, strong daily traffic, and convenient access to Summerlin, Downtown Las Vegas, U.S. 95/I-11, and the region’s major employment and retail destinations.

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