Las Vegas, NV (January 22, 2024) – SRS Real Estate Partners announced today it has completed the $7.07 million sale of a newly developed Conoco-occupied property located at 8880 S Rainbow Blvd. in Las Vegas, NV.
SRS Capital Markets Managing Principal Patrick Luther represented the seller, Las Vegas-based Kingsbarn Realty Capital. The buyer was a private investor from Las Vegas.
“This property provides the owner a new construction asset in a fast-growing, affluent area that is proximate to the Las Vegas strip and near a number of national retailers making this an ideal long-term investment with zero landlord responsibilities,” said Luther.
Situated on .77 acres the property totals 3,500 square feet and has a new 20-year, absolute triple net lease in place with LV Petroleum, LLC, a franchisee gas station operator with more than 30 locations.
In 2023, SRS Capital Markets completed approximately $2 billion in deal volume comprised of 495 transactions in 43 states. SRS currently has in excess of 600 properties actively on the market with a market value surpassing $2.85 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with more than 25 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.