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For Sale
565 E Centennial Parkway - North Las Vegas, NV 89081
Property Highlights
- Walgreens Pharmacy (NASDAQ: WBA) | Absolute Net Lease with ±9.0 years remaining | S&P: BBB with $132.5B in Revenue
- Walgreens is ranked #16 on Forbes 500 list, #36 on Fortune 500 Global
- Absolute Triple Net Lease with no landlord responsibilities in a high demand submarket
- Excellent Visibility & Exposure | Hard corner at a signalized intersection which sees over 60,800 VPD
- High Growth Submarket | Population is expected to grow by 7.3% over the next five years
- Over 13,000 homes are planned or under construction within a 3-mile radius | Less than half mile to 1,500+ Apartment Units
- Barriers to entry in this submarket are increasing significantly and within 5-years will only present redevelopment opportunities for developers
- Adjacent to the subject property is a new construction Kindercare and soon to be developed Brake Masters
- Kitty Corner to this development is Circle K, WoW Car Wash, Freddy’s, Salad & Go and Valvoline
- Additional nearby retailers include Valley Health Systems, Burger King, Starbucks, Target, McDonald’s, Kohl’s, The Home Depot, Ross, and more
- Nevada is 1 of 9 states with no personal income tax
Details
- Price: $6,900,000
- Year Built: 2008
- Property Type: Single Tenant
- Property Status: For Sale
Additional Details
- Price/SF: $465.59
- Cap Rate: 6.09%
- Rentable Area: 14,820 SF
- Lot Size: 1.55 AC
- Parking Ratio: 4.32/1,000 SF
- Zoning: C2
- Cross Streets: Centennial Pkwy & N 5th St
Address
Open on Google Maps- Address 565 E Centennial Parkway
- City North Las Vegas
- State/county Nevada
- Zip/Postal Code 89081
