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Walgreens 7845 W Flamingo Rd 13,905 SF Retail Building Las Vegas, NV 89147 $4,450,000 ($320.03/SF) 6.68% Cap Rate



INVESTMENT HIGHLIGHTS
- Heavy day time traffic, corner lot
EXECUTIVE SUMMARY
The property is improved with a Walgreens retail store that serves as a highly trafficked neighborhood convenience and pharmacy destination. The store operates with extended daily hours and features a drive-thru component, driving consistent and reliable customer traffic. Positioned along Flamingo Road, a major east-west arterial in Las Vegas, the site benefits from excellent visibility, convenient ingress and egress, and exposure to substantial vehicular traffic. The surrounding area is anchored by dense, established residential neighborhoods that provide a stable and enduring customer base. The asset is secured by approximately 33 years remaining on the initial 50-year absolute NNN lease term.
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
$4,450,000
Price Per SF
$320.03
Cap Rate
6.68%
NOI
$297,346
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 | $715,954 |
| Land Assessment | $620,058 | Total Assessment | $1,336,012 |
PROPERTY TAXES
Parcel Number
163-21-502-009
Land Assessment
$620,058
Improvements Assessment
$715,954
Total Assessment
$1,336,012
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Walgreens | 7845 W Flamingo Rd
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