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850 N Lamb Blvd
Las Vegas, NV 89110
Family Dollar – Strong Sales | NNN · Retail Property For Sale


Investment Highlights
- Nearly 20 years of operating history | Two Options Exercised with One Remaining
- Necessity based retail that holds up regardless of economic conditions
- Heavily Trafficked Trade Area with over 34,500 VPD
- Backed by Family Dollar Stores, Inc., part of Dollar Tree's national retail network
- Established, built out trade area with dense surrounding residential density
- Strong sales with solid annual growth
Executive Summary
Marcus & Millichap is pleased to exclusively offer the opportunity to acquire the fee simple interest in the Family Dollar located at 850 N. Lamb Boulevard in Las Vegas, Nevada.
This offering represents a long term leased investment occupied by Family Dollar Stores, Inc., a wholly owned subsidiary of Dollar Tree, Inc. (NASDAQ: DLTR), one of the largest discount retailers in North America.
One thing that immediately stands out about this opportunity is the store's operating performance. While many discount retailers have experienced flat or declining sales over the past several years, this location has continued to improve. Gross sales increased from approximately $1.67 million in 2021 to just over $2.0 million in 2025, representing more than 21% cumulative growth over five years.
Family Dollar has operated from this location for approximately twenty years and has already exercised its first renewal option. National retailers evaluate every location before committing to additional lease terms. They review store performance, customer demand, operating costs and long term market strategy. This location has already passed that evaluation and continues to generate stronger sales each year.
The property is located along North Lamb Boulevard in one of East Las Vegas' most established retail corridors. The surrounding area consists of dense residential neighborhoods that have supported neighborhood retail for decades. Unlike many newer developments that rely on future population growth, this trade area is already built out and continues to generate consistent customer traffic.
As construction costs, land prices and entitlement timelines continue to increase, existing freestanding retail buildings with proven operating histories become increasingly difficult to replace. Combined with a tenant that continues to improve its sales performance, this creates an attractive opportunity for investors seeking stable long term cash flow.
This offering represents a long term leased investment occupied by Family Dollar Stores, Inc., a wholly owned subsidiary of Dollar Tree, Inc. (NASDAQ: DLTR), one of the largest discount retailers in North America.
One thing that immediately stands out about this opportunity is the store's operating performance. While many discount retailers have experienced flat or declining sales over the past several years, this location has continued to improve. Gross sales increased from approximately $1.67 million in 2021 to just over $2.0 million in 2025, representing more than 21% cumulative growth over five years.
Family Dollar has operated from this location for approximately twenty years and has already exercised its first renewal option. National retailers evaluate every location before committing to additional lease terms. They review store performance, customer demand, operating costs and long term market strategy. This location has already passed that evaluation and continues to generate stronger sales each year.
The property is located along North Lamb Boulevard in one of East Las Vegas' most established retail corridors. The surrounding area consists of dense residential neighborhoods that have supported neighborhood retail for decades. Unlike many newer developments that rely on future population growth, this trade area is already built out and continues to generate consistent customer traffic.
As construction costs, land prices and entitlement timelines continue to increase, existing freestanding retail buildings with proven operating histories become increasingly difficult to replace. Combined with a tenant that continues to improve its sales performance, this creates an attractive opportunity for investors seeking stable long term cash flow.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
B
Year Built
2005
Price
$1,600,000
Price Per SF
$200
Cap Rate
7%
NOI
$112,070
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.79 AC
Zoning
C-1, Las Vegas
Parking
44 Spaces (5.5 Spaces per 1,000 SF Leased)
Frontage
140’ on N Lamb St
Amenities
- Bus Line
- Pylon Sign
Property Taxes
| Parcel Number | 140-30-701-013 | Improvements Assessment | $223,242 |
| Land Assessment | $115,870 | Total Assessment | $339,112 |
Property Taxes
Parcel Number
140-30-701-013
Land Assessment
$115,870
Improvements Assessment
$223,242
Total Assessment
$339,112
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