STNL Terrible Herbst Chevron

Highlights:

• New 20-Year Lease with 10% Increases Every 5 Years
• Absolute NNN Ground Lease
• Q4 2025 Delivery
• Brand New Construction | Strong Operator
• Building Includes 8 Gas Station Pumps and Car Wash
• Excellent Visibility | Strong Traffic Counts

Description:

Colliers is pleased to exclusively offer for sale a new construction STNL Terrible Herbst Chevron located along a highly trafficked commuter thoroughfare on Las Vegas Blvd. in close proximity to Downtown Las Vegas. This newly constructed gas station is comprised of 8 gas pumps and a ±4,719 SF convenience store with car wash.

Founded in 1959, Terrible Herbst is a privately owned gasoline and convenience store chain that operates 176 stores across Nevada, California, Arizona and Utah. The asset benefits from a new 20-year Absolute NNN lease with zero landlord responsibilities and 10% rent increases every five years, including options.

The site is strategically located at the signalized intersection of Las Vegas Blvd. and Carey Ave. with traffic counts in excess of ±33,600 VPD. The property benefits from direct proximity to the North Las Vegas City Hall and Municipal Courts along with ease of access to major freeways including the I-15 Freeway (±206,000 VPD). The asset services a dense and mature trade area with ±495,326 residents with an annual household income of ±$66,046 within a 5-mile radius and benefits from nearby co-tenants including Smith’s, La Bonita, El Super, Ross, El Pollo Loco, Denny’s, Chipotle and more.

*Building photos are representative.

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