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Walgreens Cheyenne 8500 W Cheyenne Ave 13,805 SF Retail Building Las Vegas, NV 89129 $7,276,909 CAD ($527.12 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Absolute NNN 15-Year Lease
- Top 7 Performing Nevada Store with 514K+ visits per year (*PlacerAI)
- Hard corner signalized intersection of W Cheyenne Ave. and Rampart Blvd. (±54,000 VPD)
- Walgreen’s Co. Corporate Guarantee
- Rare large format hard corner parcel – boasting ±1.47 acres
- Located ±2 miles west of Interstate 11 (±181,000 VPD)
Executive Summary
Colliers is pleased to exclusively offer for sale an Absolute NNN STNL Walgreens located within the densely populated Northwest trade area of Las Vegas, NV. The property consists of a ±13,805 SF freestanding building with drive-thru pharmacy situated on a large ±1.47-acre parcel featuring prominent building and pylon signage.
The property is well positioned just west of the I-11 Freeway (±181,000 VPD) at the signalized intersection of W Cheyenne Ave. and N Rampart Blvd. with combined traffic counts exceeding (±54,000 VPD). National co-tenants within the area include Albertsons, Ace Hardware, CareNow Urgent Care, Ace Primary Care, Starbucks, McDonald’s, Bank of America, Burger King, and many more!
The asset services the dense and affluent Summerlin, Pueblo, and Desert Shores communities of northwest Las Vegas. The site is strategically located with strong nearby demand drivers such as MountainView Hospital, Summerlin Hospital, Suncoast Hotel Casino, Rampart Hotel Casino, and Bettye Wilson Soccer Complex. The trade area consists of ±362,317 residents with an annual household income of ±$112,345 within a 5-mile radius.
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 property is well positioned just west of the I-11 Freeway (±181,000 VPD) at the signalized intersection of W Cheyenne Ave. and N Rampart Blvd. with combined traffic counts exceeding (±54,000 VPD). National co-tenants within the area include Albertsons, Ace Hardware, CareNow Urgent Care, Ace Primary Care, Starbucks, McDonald’s, Bank of America, Burger King, and many more!
The asset services the dense and affluent Summerlin, Pueblo, and Desert Shores communities of northwest Las Vegas. The site is strategically located with strong nearby demand drivers such as MountainView Hospital, Summerlin Hospital, Suncoast Hotel Casino, Rampart Hotel Casino, and Bettye Wilson Soccer Complex. The trade area consists of ±362,317 residents with an annual household income of ±$112,345 within a 5-mile radius.
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
13,805 SF
Building Class
C
Year Built
1998
Price
$7,276,909 CAD
Price Per SF
$527.12 CAD
Cap Rate
5.75%
NOI
$418,436 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.47 AC
Zoning
C-1 - Limited Commercial
Parking
58 Spaces (4.2 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 138-08-811-004 | Improvements Assessment | $895,314 CAD |
| Land Assessment | $677,725 CAD | Total Assessment | $1,573,039 CAD |
Property Taxes
Parcel Number
138-08-811-004
Land Assessment
$677,725 CAD
Improvements Assessment
$895,314 CAD
Total Assessment
$1,573,039 CAD
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Walgreens Cheyenne | 8500 W Cheyenne Ave
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