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Walgreens 11001 S Eastern Ave 14,490 SF Retail Building Henderson, NV 89052 $8,375,520 CAD ($578.02 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Institutional Real Estate Fundamentals in Prime Henderson Location
- Reliable Passive Income Corporate Guarantee
- Strong Sales Performance with Minimal Local Competition
EXECUTIVE SUMMARY
This corporate-guaranteed Walgreens presents a rare opportunity to acquire a high-performing, necessity-based asset in one of Henderson’s most affluent and rapidly growing trade areas. Positioned on the hard corner of S Eastern Avenue and Sunridge Heights Parkway, the site benefits from 27,000 vehicles per day, a dense and wealthy 1-mile demographic profile (7,689 households, $147,651 average income), and adjacency to three major schools enrolling over 4,500 students—creating robust daily foot traffic and consistent pharmacy demand. Unlike many Walgreens locations, it enjoys a 1.4-mile buffer from the nearest CVS and sits among a strong lineup of national co-tenants including Smith’s, Starbucks, and Wendy’s. With six years of term remaining, six renewal options, and limited landlord responsibilities, this offering combines stable cash flow with exceptional real estate fundamentals and long-term repositioning potential in a supply-constrained Henderson corridor.
Nevada is a premier destination for commercial real estate investors, offering a pro-business climate with no state income tax, corporate income tax, or franchise tax. This
financial advantage, combined with strong economic growth, makes Las Vegas an exceptional investment opportunity.
Nevada is a premier destination for commercial real estate investors, offering a pro-business climate with no state income tax, corporate income tax, or franchise tax. This
financial advantage, combined with strong economic growth, makes Las Vegas an exceptional investment opportunity.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,490 SF
Building Class
B
Year Built
2001
Price
$8,375,520 CAD
Price Per SF
$578.02 CAD
Cap Rate
7%
NOI
$586,286 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.55 AC
Zoning
CC,Henderson
Parking
71 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 177-36-613-005 | Improvements Assessment | $996,823 CAD |
| Land Assessment | $1,393,809 CAD | Total Assessment | $2,390,632 CAD |
PROPERTY TAXES
Parcel Number
177-36-613-005
Land Assessment
$1,393,809 CAD
Improvements Assessment
$996,823 CAD
Total Assessment
$2,390,632 CAD
CONTACTS
-
Dustin Alvino -
Michael Merhi -
Casey Kitagawa -
Madelyn Rupprecht -
Marcus & Millichap
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Walgreens | 11001 S Eastern Ave
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