Highlights
•7-Eleven has operated at this location since 1994 •7-Eleven operates over 13,000 stores across the U.S. and Canada •Recently signed a new seven (7) year lease renewal •Includes two (2) additional five (5) year renewal options •10% rent increases every five years •Triple Net (NNN) lease structure •Minimal landlord responsibilities — landlord only maintains structural integrity unless damage is due to tenant's negligence or misconduct •Tenant is responsible for CAM, property taxes, and insurance •Tenant handles all property maintenance •Truly management-free investment •Fee simple ownership •Located in Nevada, a state with no income tax •Strong surrounding demographics
Description
The subject property is located at 425 E. Windmill Lane in Las Vegas, Nevada 89123, within Clark County, and is zoned Commercial General (CG). Positioned at the southeast corner of Windmill Lane and Bermuda Road, the site sits less than a mile east of Las Vegas Boulevard, also known as “The Strip.” The 7-Eleven occupies a prominent hard corner within the Las Palmas Village Shopping Center. Las Palmas Village is anchored by Von’s, Brad’s Toys & Collectibles, and Taco Bell, with additional tenants including Pizza Hut, Wells Fargo, H&R Block, The UPS Store, and China A Go Go, among others. The surrounding area includes approximately 11,946 residents within a 1-mile radius, 52,865 residents within 2 miles, and 111,932 residents within 3 miles. Average household incomes are estimated at $120,024 within 1 mile, $106,357 within 2 miles, and $107,408 within 3 miles.
Listing Details
- Cap Rate
5%
- Tenancy
Single
- Space Type
retail
- Sub Category
convenience-store
- Date Listed
9/23/2025
- Broker/Agent Co-op
Yes
- Investment Type
Net Lease
- Net Operating Income
$158,760
- Ground Lease
No
- Net Rentable
2,575 SF
Property Specifics
- Property Name
7-ELEVEN | WINDMILL & BERMUDA
- No of Buildings
1
- No of Stories
1
- No of Units
1
- Year Built
1994
- Building Size
2,575 SF
- Lot Size
0.62 AC
- APN
177-15-110-001
- Zoning
Clark County Commercial General (CG)
- Occupancy
100%