www.MILLCO Investments.com


Commercial Real Estate Brokerage & Investments

 

Property Information

 
Walgreens
Status: Available
Las Vegas, NV 89130
Clark County
United States

$7,080,000
7.50% Capitalization Rate

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 10 miles Northwest of Las Vegas Boulevard (Las Vegas Strip). Area tenants include: Rite Aid, Albertson’s, Starbuck’s, 7-11, Blockbuster, Papa Murphy’s Pizza, Sonic, Subway, Pizza Hut and Dairy Queen.

 
Contact Information
Robert Miller
bobby@millcoinvestments.com
19 South LaSalle Street
Suite #501
Chicago, IL 60603
312 377-7800 Direct
312-543-1008 Mobile
312-377-7898 Fax
www.MillcoInvestments.com
 

Lease Terms
Annual Rent $531,000 ($38.19 / sq. ft.)
Lease Commencement Date June 1, 1999
Lease Expiration Date May 31, 2019
Initial Lease Term 20 Year
Renewal Options Eight (8) - 5 Yr Options
Lessor Responsiblity Roof & Structure
Lease Guarantor Walgreens
Trade Symbol: NYSE:WAG
S & P Rating: A+
Outlook: Stable
 
Property & Location
Building Size 13,905 sq. ft.
Land Size 1.5 acres
Parking Adequate
Local Tenants Rite Aid, Albertson’s, Starbuck’s, 7-11, Blockbuster, Papa Murphy’s Pizza, Sonic, Subway, Pizza Hut and Dairy Queen
 
Local Demographics
 
1 Mile
3 Mile
5 Mile
Population
14,245
140,566
400,143
Median Income
$79,406
$68,589
$60,082
Average Income
$90,806
$77,909
$74,572
 

 

* Above information is subject to verification - no liability for errors or omission is assumed.
* Price subject to change and listing withdrawn without notice.

 

 

Copyright 2012
Millco Investments
19 South LaSalle Street
Suite #1000
Chicago, IL 60603
 
(800) 416-2424
(312) 377-7800
(312) 377-7898 Fax
Info@MillcoInvestments.com