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Investment Highlights

  • Heavy Traffic location

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

Property Facts

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,905 SF
Building Class
B
Year Built
1999
Price
$6,132,723 CAD
Price Per SF
$441.04 CAD
Cap Rate
7%
NOI
$429,291 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

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • May 2069

Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - May 2069
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100

Nearby Major Retailers

Cardenas
Chase Bank
Green Valley Grocery
Navy Federal Credit Union

Property Taxes

Property Taxes

Parcel Number
163-21-502-009
Land Assessment
$941,724 CAD
Improvements Assessment
$962,683 CAD
Total Assessment
$1,904,408 CAD
  • Listing ID: 39910617

  • Date on Market: 2026-03-25

  • Last Updated:

  • Address: 7845 W Flamingo Rd, Las Vegas, NV 89147

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