Name: SpeeDee Oil & Lube
Address: 5610 W Charleston Blvd, Las Vegas, Nevada, 89146

SpeeDee Oil & Lube

Property Highlights

Speedee Oil & Lube (155 locations across 20 States) | Absolute Triple Net Lease with ±12.5 years remaining
This 5,100 SF building is situated on .73 Acres of Land and features 28 parking spaces with 1,166 SF secured yard for storage
Tenant recently invested Over $150,000 in capital improvements | LL put a new roof and slurried and striped the parking lot
High Visibility & Exposure | Charleston Blvd is a major East-West thoroughfare that sees over 30,000 VPD (2022)
Nearby National Tenants | 7-eleven, Wells Fargo Bank, Burger King, Boost Mobile, Schlotzsk, 99 Cents Only, AutoZone, Marco’s Pizza
From the onset of 2021 through the first quarter of this year, Las Vegas’ 3.0 percent population expansion was more than three times as fast as the overall U.S. gain. That growth resulted in the creation of nearly 50,000 new metro households, a boon for local retail sales across segments.
Job Growth in Las Vegas | Signifying strength in the sector, Las Vegas’ retail trade headcount rose by 3,500 roles year-to-date through May. Across all of 2023, the metro will be one of nine major U.S. markets to surpass 2.0 percent job growth.
Vacancy Decline in Las Vegas | Las Vegas will be one of 14 major U.S. markets to log a vacancy decline this year, joining Phoenix, Orange County and San Jose as the only locations west of the Mississippi. Metro vacancy will dip to 5.9 percent at year-end.
Nevada is 1 of 9 states with no personal income tax.