6705 E Lake Mead Blvd - Drug Store FOR SALE


Las Vegas, NV 89156
$3,858,000 USD
480-221-4221
6705 E Lake Mead Blvd, Las Vegas, NV for Sale
$3,858,000 USD
Drug Store - FOR SALE
1/8
null | 7.25% Cap Rate

6705 E Lake Mead Blvd
Las Vegas, NV 89156


HIGHLIGHTS

  • Approximately 8 Years Remaining | Investment Grade Tenant (S&P: BBB) | Drive-Thru Equipped
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Income Tax Free State
  • Signalized, Hard Corner Intersection | Albertsons Anchored Center
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners, LLC is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, drive-thru equipped, freestanding CVS investment property located in Las Vegas, Nevada. The tenant has approximately 8 years remaining with 10 (5-year) options to extend. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor in an income tax free state. CVS Pharmacy is America’s leading retail pharmacy with nearly 10,000 locations across 49 states, District of Columbia and Puerto Rico.

FOR SALE DETAILS

PRICE

$3,858,000 USD

PRICE/SF

$247 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | Approx 8yrs Remain Abs NNN | DrThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

C-2

APN/PARCEL ID

140-23-315-005

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.