850 N Lamb Blvd - Freestanding FOR SALE


Las Vegas, NV 89110- East Las Vegas
$1,600,000 USD
702-215-7120
850 N Lamb Blvd, Las Vegas, NV for Sale
$1,600,000 USD
Freestanding - FOR SALE
1/6
null | 7% Cap Rate

850 N Lamb Blvd
Las Vegas, NV 89110
East Las Vegas


HIGHLIGHTS

  • Nearly 20 years of operating history | Two Options Exercised with One Remaining
  • Backed by Family Dollar Stores, Inc., part of Dollar Tree's national retail network
  • Necessity based retail that holds up regardless of economic conditions
  • Established, built out trade area with dense surrounding residential density
  • Heavily Trafficked Trade Area with over 34,500 VPD
  • Strong sales with solid annual growth

OVERVIEW

Marcus & Millichap is pleased to exclusively offer the opportunity to acquire the fee simple interest in the Family Dollar located at 850 N. Lamb Boulevard in Las Vegas, Nevada. This offering represents a long term leased investment occupied by Family Dollar Stores, Inc., a wholly owned subsidiary of Dollar Tree, Inc. (NASDAQ: DLTR), one of the largest discount retailers in North America. One thing that immediately stands out about this opportunity is the store's operating performance. While many discount retailers have experienced flat or declining sales over the past several years, this location has continued to improve. Gross sales increased from approximately $1.67 million in 2021 to just over $2.0 million in 2025, representing more than 21% cumulative growth over five years. Family Dollar has operated from this location for approximately twenty years and has already exercised its first renewal option. National retailers evaluate every location before committing to additional lease terms. They review store performance, customer demand, operating costs and long term market strategy. This location has already passed that evaluation and continues to generate stronger sales each year. The property is located along North Lamb Boulevard in one of East Las Vegas' most established retail corridors. The surrounding area consists of dense residential neighborhoods that have supported neighborhood retail for decades. Unlike many newer developments that rely on future population growth, this trade area is already built out and continues to generate consistent customer traffic. As construction costs, land prices and entitlement timelines continue to increase, existing freestanding retail buildings with proven operating histories become increasingly difficult to replace. Combined with a tenant that continues to improve its sales performance, this creates an attractive opportunity for investors seeking stable long term cash flow.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar – Strong Sales | NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,500 SF

ZONING

C-1, Las Vegas

APN/PARCEL ID

140-30-701-013

ASK ABOUT THIS PROPERTY

Dustin AlvinoMarcus & MillichapMore Info
702-215-7120

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Dustin AlvinoMarcus & MillichapMore Info
702-215-7120

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.