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6401 W Charleston Blvd
Las Vegas, NV 89146
Walgreens Las Vegas, NV · Retail Property For Sale
Investment Highlights
- Originally set to expire in 2017, the lease was extended for an additional 10 years to 2027 and two, 5-year renewal options were added.
- Walgreens is located at the hard-corner, signalized intersection of West Charleston Boulevard (20,100 VPD) and South Torrey Pines Drive (5,950 VPD).
- Walgreens is positioned directly across West Charleston Boulevard from the College of Southern Nevada (CSN) Charleston Campus.
- Walgreens recently exercised its next renewal option. Its net lease now features ±5.5 years of term remaining with seven, 5-year renewal options.
- The site is less than 2 miles from access to Interstate 11 (227,000 VPD) providing quick, direct regional connectivity across the entire Las Vegas met
- 40.2 MSF of retail, 24.5 MSF of office, 17.6 MSF of industrial, and 89,401 hotel rooms within a 5-mile radius of the site.
Executive Summary
CBRE is pleased to exclusively offer for sale the 13,977 SF Walgreens situated on 1.41 acres in Las Vegas, NV (MSA Population: 2.4M+). Originally set to expire in 2017, Walgreens' lease was extended for an additional 10 years to 2027 and two, 5-year renewal options were added. Walgreens recently exercised its next renewal option, and its net lease now features ±5.5 years of term remaining with seven, 5-year renewal options.
Walgreens is located at the hard-corner, signalized intersection of West Charleston Boulevard (20,100 VPD) and South Torrey Pines Drive (5,950 VPD). The site is less than 2 miles from access to Interstate 11 (227,000 VPD) providing quick, direct regional connectivity across the entire Las Vegas metropolitan area.
Walgreens is located at the hard-corner, signalized intersection of West Charleston Boulevard (20,100 VPD) and South Torrey Pines Drive (5,950 VPD). The site is less than 2 miles from access to Interstate 11 (227,000 VPD) providing quick, direct regional connectivity across the entire Las Vegas metropolitan area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,977 SF
Building Class
B
Year Built
1998
Price
$3,282,352
Price Per SF
$234.84
Cap Rate
8.50%
NOI
$279,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.41 AC
Opportunity Zone
Yes
Zoning
C-1
Parking
70 Spaces (5.01 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Number | 163-02-114-002 | Improvements Assessment | $657,843 |
| Land Assessment | $466,375 | Total Assessment | $1,124,218 |
Property Taxes
Parcel Number
163-02-114-002
Land Assessment
$466,375
Improvements Assessment
$657,843
Total Assessment
$1,124,218
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