8500 W Cheyenne Ave. Retail
  • Asking Price
    $5.3MAsking Price
  • Cap Rate
    5.75%Cap Rate
  • NOI
    $306KNOI
  • Gross Leasable Area
    13,805 SFGross Leasable Area
  • Acres
    ~1.47 acAcres
  • Built
    1998Built

Description

The Walgreens property at Cheyenne Avenue and Rampart Boulevard is an approximately 13,805-square-foot freestanding pharmacy on about 1.47 acres in northwest Las Vegas. It includes drive-through pharmacy service and building and pylon signage. Colliers is marketing the single-tenant investment under an absolute NNN lease.

Reported traffic at the signalized intersection exceeds approximately 54,000 vehicles daily, with Interstate 11 nearby. The location serves the Summerlin, Pueblo and Desert Shores communities and is near MountainView Hospital, Summerlin Hospital, Suncoast and Rampart casinos. The offering reports approximately 362,317 residents and annual household income of $112,345 within five miles. Buyers can review the executed lease, tenant obligations and local trade-area information with the broker.

Offering Summary

  • Asking Price
    $5,320,000
  • Property Type
    Retail
  • Size
    13,805 SF
  • Occupancy
    100%
  • Built
    1998
  • Total Acres
    ~1.47 ac

Sale Details

  • Cap Rate
    5.75%
  • NOI
    $305,910

Documents

Property Address

8500 W Cheyenne Ave.
Las Vegas, NV 89129

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    1998
  • Lease Type
    Absolute Net
  • Zoning
    Limited Commercial (C-1)
  • APN
    138-08-811-004
  • Gross Leasable Area
    13,805 SF
  • Acres
    1.47

Deal Team

Adam Malan profile image

Adam Malan

Vice Chair
Colliers
NV RE Lic. 0063542
Deana Marcello profile image

Deana Marcello

Executive Vice President
Colliers
NV RE Lic. 174174