North Las Vegas, NV - Terrible's Travel Center

Description:

• Brand new 20-year ground lease that features 6 (5-year) option periods
• There is 10% rental increases every five years and at the beginning of each option period, steadily increasing NOI and providing a hedge against inflation
• Newly constructed travel center offering multiple amenities for travelers, including 8 gas pumps, 5 diesel pumps, 101 parking spaces (including 19 truck parking spaces), and a car wash

• The asset benefits from excellent frontage visibility along E. Cheyenne Ave, which sees over 55,000 vehicles per day, and offers multiple points of access to the property
• The property is located in a primary retail corridor with national/credit tenants such as McDonald’s, Taco Bell, First Watch, Dutch Bros, Five Guys, Dollar Tree, and many more
• Terrible’s is located along I-15, which sees approximately 206,000 vehicles per day, providing access to a major consumer pool of truck drivers and travelers seeking convenient services during their journeys
• Located along the prime I-15 corridor, a key thoroughfare for freight movement between Southern California and other inland markets

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Listing ID: a28TP000002RsO9YAK