Colliers Western Region
Walgreens Cheyenne

Walgreens Cheyenne

8500 W Cheyenne Ave.

Las Vegas, NV 89129

$5,320,000
Asking Price
$305,910
NOI
13,805 SF
Gross Leasable Area
~1.47 ac
Acres

Description

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.

Offering Summary
Property TypeRetail
Asking Price$5,320,000
Sale Details
NOI$305,910
Documents
Property Address
Property Details
Property TypeRetail
Gross Leasable Area (SF)13,805 SF
Occupancy100%
Lease TypeAbsolute Net
Year Built1998
ZoningLimited Commercial (C-1)
APN138-08-811-004
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Deal Team

Adam Malan
Adam Malan
Vice Chair
NV RE Lic. 0063542
Deana Marcello
Deana Marcello
Executive Vice President
NV RE Lic. 174174