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Investment Highlights
- LONG-TERM OPERATIONAL HISTORY & GROWTH
- GENERATIONAL ASSET
- BYPASS THE BARRIERS TO ENTRY
- SIGNIFICANT NOI INCREASE THRU POTENTIAL PARKING MONETIZATION
- PRIME/PROMINENT LOCATION
Executive Summary
Newmark is pleased to exclusively offer for sale Morton’s Travel Plaza, a rare, generational truck stop travel center operating continuously since 1973. Strategically located in North Las Vegas at the high-traffic, signalized intersection of Interstate 15 and Cheyenne Avenue, this 15.26-acre property represents a once-in-a-lifetime opportunity to acquire an irreplaceable logistics-oriented facility in one of the southwestern United States' most critical freight corridors.
Originally developed as a Husky Oil station and later rebranded as a Flying J, the property has been owned and operated under the Morton’s Travel Plaza name since the mid-1980s. It has evolved into a fully operational, income-producing asset featuring fuel infrastructure, multiple food service tenants, a full-service diner, and valuable gaming entitlements (SUP and license for 15 video poker machines). Naming rights are included in the sale, offering additional branding flexibility for new ownership.
The site benefits from unparalleled exposure to more than 218,000 vehicles per day, including an estimated 19,000 semi-trucks, at the critical junction of I-15 and Cheyenne Avenue. With seven ingress/egress points, three prominent pylon signs, and frontage along both Cheyenne Avenue and Losee Road, Morton’s offers seamless access and outstanding visibility. The plaza is uniquely positioned to serve the region’s booming logistics and distribution sectors, supported by Las Vegas' growing population, the expansion of nearby industrial real estate, and the continued rise in e-commerce-driven freight activity.
This offering presents owner-operators with the chance to acquire a historically significant, income-generating property in a highly supply-constrained segment of the market. Travel plazas of this scale, pedigree, and location rarely come to market, making Morton’s Travel Plaza a truly irreplaceable acquisition supported by enduring fundamentals and decades of proven performance.
Originally developed as a Husky Oil station and later rebranded as a Flying J, the property has been owned and operated under the Morton’s Travel Plaza name since the mid-1980s. It has evolved into a fully operational, income-producing asset featuring fuel infrastructure, multiple food service tenants, a full-service diner, and valuable gaming entitlements (SUP and license for 15 video poker machines). Naming rights are included in the sale, offering additional branding flexibility for new ownership.
The site benefits from unparalleled exposure to more than 218,000 vehicles per day, including an estimated 19,000 semi-trucks, at the critical junction of I-15 and Cheyenne Avenue. With seven ingress/egress points, three prominent pylon signs, and frontage along both Cheyenne Avenue and Losee Road, Morton’s offers seamless access and outstanding visibility. The plaza is uniquely positioned to serve the region’s booming logistics and distribution sectors, supported by Las Vegas' growing population, the expansion of nearby industrial real estate, and the continued rise in e-commerce-driven freight activity.
This offering presents owner-operators with the chance to acquire a historically significant, income-generating property in a highly supply-constrained segment of the market. Travel plazas of this scale, pedigree, and location rarely come to market, making Morton’s Travel Plaza a truly irreplaceable acquisition supported by enduring fundamentals and decades of proven performance.
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Property Facts
| Price | $34,110,251 CAD | Number of Properties | 2 |
| Price / SF | $1,562 CAD / SF | Individually For Sale | 0 |
| Sale Condition | Bulk/Portfolio Sale | Total Building Size | 21,838 SF |
| Sale Type | Investment or Owner User | Total Land Area | 15.26 AC |
| Status | Active |
| Price | $34,110,251 CAD |
| Price / SF | $1,562 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 21,838 SF |
| Total Land Area | 15.26 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Morton's Travel Plaza
1000 E Cheyenne Ave, North Las Vegas, NV 89030 |
Retail | 17,438 SF | 1973 | - |
|
SNS BBQ Diner
3229 Losee Rd, North Las Vegas, NV 89030 |
Retail | 4,400 SF | 1989 | - |
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