Green Valley Grocery

8870 South Durango Drive, Las Vegas, NV 89113

$3,600,000

Cap Rate 5.00%

Views: 96 DOM: 42 Updated: 08.05.24 Posted: 08.05.24 Status: Active

Summary

Price $3,600,000	Built/Renov 2023	Tenant Green Valley Grocery
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 4,093	Lease Start 03-01-2023	#Units 78
Price/SF $879.55	Expiration 03-01-2043	Tenant Type Convenience/Gas
NOI $180,000	R. Term 18.5	Ownership Fee Simple
Rent/SF $43.98	Increases 10.0%/5/yrs	Pop 5Mi 235,106
Lot/AC 1.00	Options 4/5yrs/10%	AHHI 5Mi $118,502

Patrick Luther

SRS National Net Lease Group

Contact

Lease Highlights

Green Valley Grocery has 18+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN lease | zero landlord responsibilities
Corporate guaranteed lease

Location Description

Green Valley Grocery is strategically located at the signalized, hard corner intersection of South Durango Drive and Pebble Road, with access to a substantial combined daily traffic count of 63,000 vehicles. The property benefits from nearby access to South Rainbow Boulevard (35,000 VPD) and State Highway 160 (61,500 VPD), making this a centralized location. Additionally, it is positioned just...

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Key Features

New construction
Signalized intersection
Near major nationals
Highway close
Top 100 MSA
Strong demographics
Income tax free state
Long 15+ yr lease
Accelerated depreciation
Corporate Guarantee

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Links

Green Valley Grocery Wikipedia Las Vegas, Nevada Zip Code 89113 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Green Valley Grocery
Guarantor:Corporate
Company:Green Valley Grocery
# Units:78
Stock:Private

About Tenant

Green Valley Grocery (also known as GVG) is a chain of convenience stores known for its in-store gaming machines as well as its typical convenience-store products and foodservice options. All...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	21,549	126,319	256,833
2023 Total Population :	20,688	120,479	242,190
2023 Employed Civilian Pop :	9,995	61,857	127,371
2023 Total Businesses :	191	1,654	5,036
2023 Average Household Income :	$ 111,273	$ 121,019	$ 119,722
2023 Total Consumer Spending :	$ 724 M	$ 4428 M	$ 8950 M
2023 Median Age :	33	35	35
2023 Total Households :	7,579	42,488	86,647
2023 Pop Age 25+: Bachelor's Degree :	3,419	22,684	44,925
2023 Average Home Value :	$ 514,051	$ 502,948	$ 489,894

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
West Pebble Road	S Durango Dr	2021	8,850	0.10 mi
West Wigwam Avenue	S Lisa Ln	2021	730	0.48 mi
South Durango Drive	W Windmill Ln	2021	31,000	0.95 mi
West Windmill Lane	Gagnier Blvd	2021	5,600	1.01 mi
South Buffalo Drive	W Agate Ave	2019	11,500	1.01 mi
South Fort Apache Road	S Chieftain St	2021	10,700	1.11 mi
South Buffalo Drive	W Wigwam Ave	2021	12,900	1.12 mi
West Gomer Road	Aspen Harvest St	2021	4,900	1.28 mi
South Tenaya Way	W Wigwam Ave	2021	570	1.55 mi
S Grand Canyon	S Grand Canyon Dr	2017	130	1.60 mi

Listing Broker

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