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Walgreens Silverado Ranch 385 E Silverado Ranch Blvd 14,448 SF Retail Building Las Vegas, NV 89183 $7,272,806 CAD ($503.38 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Absolute NNN 15-Year Lease
- Top 10* Performing Store in Nevada with 528,000+ visits per year (*PlacerAI)
- Signalized intersection of E Silverado Ranch Blvd. and Bermuda Rd. (±48,800 VPD)
- Walgreen’s Co. Corporate Guarantee
- Rare large format hard corner parcel – boasting ±1.95 acres
- Located ±1 mile east of Interstate 15 (±156,000 VPD)
Executive Summary
Colliers is pleased to exclusively offer for sale an Absolute NNN STNL Walgreens located within the densely populated Silverado Ranch trade area of Las Vegas, NV. The property consists of a ±14,448 SF freestanding building with drive-thru pharmacy situated on a large ±1.95 acre parcel featuring prominent building and pylon signage.
The site is strategically located within the Silverado Ranch trade area, surrounded by 30,000+ homes and captures traffic from several nearby hotel-casinos and timeshare condos, including South Point Hotel Casino & Spa (2,100 rooms), The Grandview at Las Vegas (446 suites), World Mark Las Vegas (330 rooms), and Silverton Casino Lodge (300 rooms) while servicing ±314,991 residents with an average household income of ±$132,583 within a 5-mile radius.
The property is conveniently positioned at the signalized intersection of E Silverado Ranch Blvd. and Bermuda Rd., just 1-mile east of the I-15 Freeway, with combined traffic counts in excess of ±48,800 VPD. Nearby co-tenants include Smith’s, Sprouts, Target, Planet Fitness, Goodwill, Bank of America, Dunkin’, PT’s Gold, Walmart Neighborhood Market and more!
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.
The site is strategically located within the Silverado Ranch trade area, surrounded by 30,000+ homes and captures traffic from several nearby hotel-casinos and timeshare condos, including South Point Hotel Casino & Spa (2,100 rooms), The Grandview at Las Vegas (446 suites), World Mark Las Vegas (330 rooms), and Silverton Casino Lodge (300 rooms) while servicing ±314,991 residents with an average household income of ±$132,583 within a 5-mile radius.
The property is conveniently positioned at the signalized intersection of E Silverado Ranch Blvd. and Bermuda Rd., just 1-mile east of the I-15 Freeway, with combined traffic counts in excess of ±48,800 VPD. Nearby co-tenants include Smith’s, Sprouts, Target, Planet Fitness, Goodwill, Bank of America, Dunkin’, PT’s Gold, Walmart Neighborhood Market and more!
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,448 SF
Building Class
B
Year Built
2005
Price
$7,272,806 CAD
Price Per SF
$503.38 CAD
Cap Rate
5.75%
NOI
$418,231 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.95 AC
Zoning
C-2 - General Commercial
Parking
55 Spaces (3.81 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 177-28-513-003 | Improvements Assessment | $1,048,222 CAD |
| Land Assessment | $1,700,857 CAD | Total Assessment | $2,749,080 CAD |
Property Taxes
Parcel Number
177-28-513-003
Land Assessment
$1,700,857 CAD
Improvements Assessment
$1,048,222 CAD
Total Assessment
$2,749,080 CAD
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Walgreens Silverado Ranch | 385 E Silverado Ranch Blvd
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