4905 W Tropicana Ave 15,016 SF Retail Building Las Vegas, NV 89103 $7,269,976 CAD ($484.15 CAD/SF) 7.50% Cap Rate

PREMIER GLOBAL TENANCY
As a leading retailer and one of the largest purchasers of prescription drugs in the world, Walgreens is consistently among the largest U.S. companies by revenue and ranks #26 on the 2025 Fortune 500 list. In September 2025, Walgreens was taken private by Sycamore Partners, a private equity firm specializing in consumer and retail-related investments. At time of acquisition (Q3 FY 2025), Walgreens reported TTM Revenue of $154.5 billion and TTM Adjusted EBITDA of $3.8 billion as of May 31, 2025. S&P and Moody’s withdrew all of their ratings on Walgreens Boots Alliance Inc. and Walgreen Co. following the completion of the company’s acquisition by Sycamore Partners. At time of withdraw, S&P’s long-term issuer credit rating was BB- and Moody’s corporate family rating was Ba3.
STRATEGIC LOCATION | PRIMARY RETAIL & COMMERCIAL CORRIDOR
The site is strategically located as an outparcel to the Trop Plaza shopping center, which is anchored by EoS Fitness and further occupied by Starbucks, Subway, Papa Johns Pizza, Denny’s, Wingstop, Sushi 21 and Parsely Modern Mediterranean, among others. The center is immediately adjacent to the 88-acre Charlie Frias Park, with other major tenants in the immediate vicinity including The Home Depot, Jack in the Box, Bank of America, Harbor Freight, Panda Express, Verizon and 7-Eleven, to name a few. Walgreens benefits from its location within southwest Las Vegas’ primary retail and commercial corridor, with a total of 17.9 MSF of retail, 6.9 MSF of office, 32 MSF of industrial and 33,497 multi-family units within a 3-mile radius of the site.