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Walgreens 7845 W Flamingo Rd 13,905 SF Retail Building Las Vegas, NV 89147 $4,450,000 ($320.03/SF) 7% Cap Rate
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
$4,450,000
Price Per SF
$320.03
Cap Rate
7%
NOI
$311,500
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 began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| 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
Property Taxes
| Parcel Number | 163-21-502-009 | Improvements Assessment | $698,538 |
| Land Assessment | $683,330 | Total Assessment | $1,381,868 |
Property Taxes
Parcel Number
163-21-502-009
Land Assessment
$683,330
Improvements Assessment
$698,538
Total Assessment
$1,381,868
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Videos
Matterport 3D Exterior
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Photos
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Street
Map
Contact the Sale Advisor
Walgreens | 7845 W Flamingo Rd