Walgreens Silverado Ranch
Absolute NNN 15-Year Lease
Marketing description
Colliers is pleased to exclusively offer for sale an Absolute NNN STNL Walgreens located within the densely populated Silverado Ranch trade area of Las Vegas, NV. The property consists of a ±14,448 SF freestanding building with drive-thru pharmacy situated on a large ±1.95 acre parcel featuring prominent building and pylon signage.
The site is strategically located within the Silverado Ranch trade area, surrounded by 30,000+ homes and captures traffic from several nearby hotel-casinos and timeshare condos, including South Point Hotel Casino & Spa (2,100 rooms), The Grandview at Las Vegas (446 suites), World Mark Las Vegas (330 rooms), and Silverton Casino Lodge (300 rooms) while servicing ±314,991 residents with an average household income of ±$132,583 within a 5-mile radius.
The property is conveniently positioned at the signalized intersection of E Silverado Ranch Blvd. and Bermuda Rd., just 1-mile east of the I-15 Freeway, with combined traffic counts in excess of ±48,800 VPD. Nearby co-tenants include Smith’s, Sprouts, Target, Planet Fitness, Goodwill, Bank of America, Dunkin’, PT’s Gold, Walmart Neighborhood Market and more!
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.
Investment highlights
Absolute NNN Lease | Corporate Guarantee
• Walgreen’s Co. Corporate Guarantee
• 15-Year Absolute NNN lease with twelve 5-year extension terms
• 5% rental increases every 5 years, including options
Top Performing Location | Desirable Retail Corridor
• Top 10* Performing Store in Nevada with 528,000+ visits per year (*PlacerAI)
• Located within the highly desirable Silverado Ranch retail corridor with maximum street visibility
• National retailers within the area include Walmart Neighborhood Market, Smith’s, Sprouts, Target, Planet Fitness, Goodwill, Bank of America, Dunkin’, PT’s Gold, and more
High Traffic Signalized Intersection | Large ±1.95 Acre Parcel
• Rare large format hard corner parcel – boasting ±1.95 acres
• Strategically positioned at the signalized intersection of E Silverado Ranch Blvd. and Bermuda Rd. (±48,800 VPD).
• Prominent building and pylon signage provide excellent brand visibility
• Located ±1 mile east of Interstate 15 (±156,000 VPD), providing direct access to one of the primary north-south corridors in the Las Vegas Valley
Dense Residential Base | Tourism & Healthcare Drivers
• The asset services over 30,000 homes in the Silverado Ranch trade area, with ±314,991 residents with an average household income of ±$132,583 within a 5-mile radius
• Proximity to major hospitality destinations including South Point Hotel Casino & Spa (2,100 rooms), The Grandview at Las Vegas (446 suites), WorldMark Las Vegas (330 rooms), and Silverton Casino Lodge (300 rooms)
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