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Walgreens 7845 W Flamingo Rd 13,905 SF Retail Building Las Vegas, NV 89147 $6,156,041 CAD ($442.72 CAD/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- High-Visibility Retail Corridor
- Community Presence
- Convenient Access
EXECUTIVE SUMMARY
The property is improved with a Walgreens retail store serving as a neighborhood convenience and pharmacy destination. The store operates with extended daily hours and includes a drive-thru component, supporting consistent customer traffic. The site is located along Flamingo Road, a major east-west arterial in Las Vegas, offering strong visibility, convenient access, and exposure to significant vehicular traffic. The surrounding area is characterized by dense residential neighborhoods that provide a stable and established customer base. Approximately 33 Years Remaining on the Initial 50-Year Absolute NNN Lease Term with Scheduled 5-Year Escalations
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,905 SF
Building Class
B
Year Built
1999
Price
$6,156,041 CAD
Price Per SF
$442.72 CAD
Cap Rate
6.35%
NOI
$390,776 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.66 AC
Zoning
C2, County - C2, Legal conforming commercial zoning
Parking
66 Spaces (5.15 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 163-21-502-009 | Improvements Assessment | $966,344 CAD |
| Land Assessment | $945,305 CAD | Total Assessment | $1,911,649 CAD |
PROPERTY TAXES
Parcel Number
163-21-502-009
Land Assessment
$945,305 CAD
Improvements Assessment
$966,344 CAD
Total Assessment
$1,911,649 CAD
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Walgreens | 7845 W Flamingo Rd
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