Investment Overview

Marcus & Millichap is pleased to present for sale this Net Leased Conoco Service Station located at 798 W. Mesquite Blvd. in Mesquite, Nevada (Population 20,471) located adjacent to the Arizona state line and 80 miles northeast of Las Vegas on Interstate 15. It is home to a growing retirement community, as well as several casino resorts and golf courses. Mesquite is a stopping point for those traveling along I-15 between Salt Lake City, Las Vegas and Los Angeles. Mesquite is also a destination for year-round golf, with over nine public golf courses in the warm desert climate. The subject property is strategically located just off Interstate 15 with 27,200 vehicles per day. Interstate 15 is a north-south highway connecting San Diego to the Canadian border running through Las Vegas and Salt Lake City with many other interstates and spur routes feeding traffic across the Western part of country. Within a 5-mile radius of the property there are 1.5 million square feet of retail with a low 3.0% vacancy rate. The immediate area has many national and regional tenants including Taco Bell, Walgreens, Dutch Bros, Arco, Starbucks and Walmart among many others. Located one block from the subject property is the 472 room Casablanca Resort including a 27,000 square foot casino and the Casablanca Golf Course. Throughout Mesquite there are an additional eight golf courses including Wolf Creek Golf Club. Numerous apartment complexes surround this property including Mesquite Deuce 2 Building, La Noor Studios, Mesquite Manor, Old Mill Village and Sun River Apartments. Many new home developments also surround this gas station including Legacy Homes, Spanish Bay, Turtleback Canyon Homes, Crestview Towne Homes (164 Homes), The Tuscans, Portobello at Canyon Crest and Legacy Homes Montrose. LV Petroleum, the largest franchise operator within the TravelCenters of America system with 45+ operating truck stops in 10 states, 23 gas stations (NV/AZ) and a pipeline of 15+ additional truck stops of both ground up builds or through acquisition and rebrand. They are franchisees for Sbarro, Rally’s, KFC, Einstein Bros Bagels, Krispy Krunchy Chicken, Del Taco, Dunkin, Charley’s, Bojangles, Black Bear Diner and others. In addition to retail operations, LV Petroleum operates a wholesale fuel distribution company that supplies 76, Philips and Conoco branded gasoline as well as unbranded fuels which supplies over one million gallons a month.