Circle K | New 2024 Prototype Construction | 20 Yr Abs NNN Ground Lease

Colliers International is pleased to offer investors a great opportunity to acquire the absolute NNN Circle K ground lease in Las Vegas, NV. Circle K operates over 14,000 stores across 26 countries, is one of the largest independent convenience store operators in the United States, and employs over 124,000 people around the world. With a 20-year primary term (over 17 years remaining), six 5-year option periods, 5% rent increases every 5 years, investment grade credit (S&P: BBB+), and zero landlord responsibilities, this asset is ideal for an investor seeking long-term passive income.

The 5,187 SF convenience store with 16 fuel pumps on a 1.17-acre parcel is strategically positioned on the hard corner of Blue Diamond Road (63,900 VPD) and Edmond Street. It is located within 2 miles of Interstate 15, which sees over 153,000 VPD. Additionally, the subject property is only 1.2 miles from the Target and Kohl’s anchored Blue Diamond Crossing power center and is only 1.8 miles from Bass Pro Shops and the Silverton Casino Resort. The Silverton offers over 300 deluxe rooms and suites, a 90,000 SF casino, and is adjacent to the 165,000 SF Bass Pro Shops Outdoor World. Nearby retailers include Albertson’s, Grocery Outlet, Bank of America, McDonald’s, In-N-Out, Starbucks, Chipotle, Panera Bread, Jack in the Box, and more.

This is an excellent opportunity to purchase a long-term, absolute NNN leased Circle K in Las Vegas with an investment-grade national tenant, no landlord responsibilities, and strong demographics providing effortless income for years to come.

Available