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| Walgreens |
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Las Vegas, NV 89108
Clark County
United States |
$5,400,000
7.50% Capitalization Rate |
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Las Vegas is the most populous city in the state of Nevada, the seat of Clark County, and an internationally renowned major resort city for the gaming industry, shopping, and entertainment. Las Vegas, billed as The Entertainment Capital of the World, is famous for massive and lavish casino resorts. The primary drivers of the Las Vegas economy have been the confluence of tourism, gaming, and conventions which in turn feed the retail and dining industries. The subject property is located 9.3 miles Northeast of Las Vegas Boulevard (Las Vegas Strip). Area tenants include: Wal-Mart, Vons, Family Dollar, Rite Aid, Subway, Little Caesar’s, Burger King, KFC, Pier One, Marshall’s, Wendy’s and McDonald’s. |
| Lease Terms |
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| Annual Rent |
$405,000 ($26.79 / sq. ft.) |
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| Lease Commencement Date |
June 1, 1999 |
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| Lease Expiration Date |
May 31, 2019 |
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| Initial Lease Term |
20 Year Net / Net |
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| Renewal Options |
Eight (8) - 5 Yr Options |
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| Lessor Responsiblity |
Roof & Structure |
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| Lease Guarantor |
Walgreens
Trade Symbol: NYSE:WAG
S & P Rating: A+
Outlook: Stable |
| Property & Location |
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| Building Size |
15,120 sq. ft. |
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| Land Size |
1.5 acres |
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| Parking |
Adequate |
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| Local Tenants |
Wal-Mart, Vons, Family Dollar, Rite Aid, Subway, Little Caesar’s, Burger King, KFC, Pier One, Marshall’s, Wendy’s and McDonald’s |
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| Financial Calculator | Scenario 1 | Scenario 2 |
You can use this calculator to compare two scenarios. Please be aware that there may be certain conditions which may make the figures calculated inaccurate. |
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* Above information is subject to verification - no liability for errors or omission is assumed.
* Price subject to change and listing withdrawn without notice.
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