Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of a Circle K, a 2,946-square foot net leased gas & convenience store located in Las Vegas, NV.
The Alvino Team at Marcus & Millichap’s Las Vegas office procured the seller and buyer in this transaction. The asset sold for $1,600,000. The single-tenant NNN asset is located at 2390 N Decatur Blvd, a hard corner signalized intersection exposed to over 38,400 vehicles per day. Population growth within 1-mile is projected at 7.1% over the next 5 years. Circle K, a BBB investment grade tenant has occupied the property for nearly 40 years.
For more information regarding the sale of Circle K or if you have any other questions relating to net lease investments, please do not hesitate to reach out to Dustin R. Alvino.
Dustin R. Alvino | (702) 215-7120