Walgreens Cheyenne
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 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.
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 7 Performing Nevada Store with 514K+ visits per year (*PlacerAI)
- Located within the highly desirable Northwest retail corridor with maximum street visibility
- National retailers within the area include Albertsons, Ace Hardware, CareNow Urgent Care, Ace Primary Care, Starbucks, McDonald’s, Bank of America, Burger King, and more
High Traffic Signalized Intersection | Large ±1.47 Acre Parcel
- Rare large format hard corner parcel – boasting ±1.47 acres
- Strategically positioned at the hard corner signalized intersection of W Cheyenne Ave. and Rampart Blvd. (±54,000 VPD)
- Located ±2 miles west of Interstate 11 (±181,000 VPD), providing direct access to one of the primary north-south corridors in the Las Vegas Valley
- Prominent building and pylon signage provide excellent brand visibility
High Quality Trade Area | Strong Demographics
- This asset services the Summerlin area, the #3 best-selling master-planned community in the U.S., consisting of ±23K AC in Las Vegas
- Excellent and dense demographics consisting of ±362,317 residents with an average household income of ±$112,345 within a 5-mile radius
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
