8500 W Cheyenne Ave - Drug Store FOR SALE


Las Vegas, NV 89129- Lone Mountain
$5,320,000 USD
702-449-1180
8500 W Cheyenne Ave, Las Vegas, NV for Sale
$5,320,000 USD
Drug Store - FOR SALE
1/7
null | 5.75% Cap Rate

8500 W Cheyenne Ave
Las Vegas, NV 89129
Lone Mountain


HIGHLIGHTS

  • Absolute NNN 15-Year Lease
  • Walgreen’s Co. Corporate Guarantee
  • Top 7 Performing Nevada Store with 514K+ visits per year (*PlacerAI)
  • Rare large format hard corner parcel – boasting ±1.47 acres
  • Hard corner signalized intersection of W Cheyenne Ave. and Rampart Blvd. (±54,000 VPD)
  • Located ±2 miles west of Interstate 11 (±181,000 VPD)

OVERVIEW

Colliers is pleased to exclusively offer for sale an Absolute NNN STNL Walgreens located within the densely populated Northwest trade area of Las Vegas, NV. The property consists of a ±13,805 SF freestanding building with drive-thru pharmacy situated on a large ±1.47-acre parcel featuring prominent building and pylon signage. The property is well positioned just west of the I-11 Freeway (±181,000 VPD) at the signalized intersection of W Cheyenne Ave. and N Rampart Blvd. with combined traffic counts exceeding (±54,000 VPD). National co-tenants within the area include Albertsons, Ace Hardware, CareNow Urgent Care, Ace Primary Care, Starbucks, McDonald’s, Bank of America, Burger King, and many more! The asset services the dense and affluent Summerlin, Pueblo, and Desert Shores communities of northwest Las Vegas. The site is strategically located with strong nearby demand drivers such as MountainView Hospital, Summerlin Hospital, Suncoast Hotel Casino, Rampart Hotel Casino, and Bettye Wilson Soccer Complex. The trade area consists of ±362,317 residents with an annual household income of ±$112,345 within a 5-mile radius. Walgreens is one of the largest pharmacy retail companies in the U.S., providing prescription medications, health services, and everyday convenience products through a nationwide network of more than 8,700 stores.

FOR SALE DETAILS

PRICE

$5,320,000 USD

PRICE/SF

$385 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens Cheyenne

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

C-1

APN/PARCEL ID

138-08-811-004

ASK ABOUT THIS PROPERTY

Adam MalanColliersMore Info
702-449-1180

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Adam MalanColliersMore Info
702-449-1180

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