Investment Overview

This offering delivers what net-lease buyers consistently chase in Las Vegas: a long-tenured, purpose-built operator in a dense, convenience-driven retail node, supported by exceptional access, dominant grocery-anchored draw, and a long-term lease commitment that’s already been re-affirmed. Jiffy Lube has operated at this location for 21 years, and in 2021 executed a new 15-year lease extension with four (4) five-year renewal options—a meaningful vote of confidence in the site’s long-term performance and trade-area durability. The real estate sits just off the major intersection of Ann Road and Camino Al Norte, featuring ~190 feet of frontage and six total points of ingress/egress (five along Camino Al Norte plus one along Ann Road), creating a rare combination of visibility and circulation that helps capture both “in-route” and “intent” trips. The surrounding retail ecosystem is exceptionally tight. The property benefits from a Smith’s-anchored grocery shadow draw and strong national co-tenancy—including CVS, Sonic, Little Caesars, Starbucks, Baskin-Robbins, and more—while you also note no direct vehicle-maintenance competition at the intersection. Adding to the momentum, the former Bank of America building next door (5485 Camino Al Norte) sold for $2.7M and is being redeveloped into a Zippy’s restaurant, further validating investor demand and reinforcing this corridor’s continued retail reinvestment. On the macro side, North Las Vegas is one of the valley’s strongest growth stories—leading the region in new home construction and economic development per the City, and posting material population gains over the last several years. Combined with Las Vegas’ scale (MSA GDP $178.4B in 2023) and record-setting visitor access through Harry Reid International Airport (58.4M passengers in 2024), the market continues to support deep investor liquidity for well-located, service-oriented net lease assets.