SRS Real Estate Partners Closes $39M Sale Of Gas Stations In Las Vegas And Phoenix

The Retail Portfolio, consisting of six gas station assets in Las Vegas and Phoenix, was sold for $39,000,000. The properties are leased back to LV Petroleum under 20-year triple-net leases, offering prime locations and favorable depreciation benefits.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $39,000,000
• Address: Las Vegas, NV & Phoenix, AZ
• Market: Las Vegas, NV & Phoenix, AZ

Matthew Mousavi, Patrick Luther, and Winston Guest from SRS Real Estate Partners were the brokers who facilitated the $39 million sale. SRS Capital Markets' team highlighted the attractive features of the properties, emphasizing their strategic locations and financial advantages.