Circle K

New 2025 Prototype Construction | 20-Year Absolute NNN Ground Lease
Rare Net Lease Investment in World-Renowned Las Vegas (42M+ Annual Visitors)
Located in a High-Traffic Retail Corridor (63,900 Cars Per Day) with Expanding Residential Growth
Colliers International is excited to present an exceptional opportunity for investors to acquire an absolute NNN ground lease for a Circle K in Las Vegas, NV. Circle K, operating over 14,000 locations across 26 countries, ranks among the largest independent convenience store chains in the U.S. and employs more than 124,000 people globally. The lease features a 20-year primary term with over 19 years remaining, six additional 5-year renewal options, 5% rent escalations every five years, investment-grade credit rating (S&P: BBB+), and no landlord obligations—making this a prime asset for those seeking steady, long-term passive income.
The 5,187-square-foot convenience store sits on a 1.17-acre site with 16 fuel pumps, positioned on the prominent corner of Blue Diamond Road (63,900 VPD) and Edmond Street. It’s located within two miles of Interstate 15, which carries over 153,000 vehicles daily, and close to major retail hubs like the Target and Kohl’s-anchored Blue Diamond Crossing power center (1.2 miles away) and Bass Pro Shops and Silverton Casino Resort (1.8 miles away). The Silverton Resort features over 300 upscale rooms, a 90,000-square-foot casino, and is adjacent to the 165,000-square-foot Bass Pro Shops Outdoor World. Other nearby retailers include Albertson’s, Grocery Outlet, Bank of America, McDonald’s, In-N-Out, Starbucks, Chipotle, Panera Bread, and Jack in the Box.
This opportunity offers a long-term, absolute NNN leased Circle K with an investment-grade national tenant, no landlord responsibilities, and strong local demographics, ensuring hassle-free income for years ahead.
Clark County is a dynamic and forward-thinking region, known for integrity, respect, and accountability in providing high-quality services. Covering an area the size of New Jersey, it is the 11th-largest county in the U.S. and supports more than 2.4 million residents alongside an average of over 43 million visitors annually. Key services include the nation’s 5th-busiest airport, air quality enforcement, social services, and the state’s largest public hospital, University Medical Center. Clark County also provides municipal functions such as fire protection, roads, parks, recreation, and planning to about 1 million residents in unincorporated areas.
At the heart of Clark County lies the iconic Las Vegas Strip, famed for attractions like dancing fountains, an Eiffel Tower replica, an erupting volcano, and some of the world’s largest and most luxurious resorts. Millions of visitors enjoy fine dining, shopping, and spas annually. Las Vegas boasts over 152,000 hotel rooms and ranks among the world’s leading convention destinations.
Nevada’s diverse landscapes are also a major draw, with Clark County offering access to Mt. Charleston skiing just 45 minutes away, the Red Rock National Conservation Area on the western edge of the valley, and Lake Mead National Recreation Area 30 miles southeast, popular for boating, fishing, hiking, and wildlife viewing. Nearby gambling destinations include Mesquite, Primm, and Laughlin along the sunny Colorado River.