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Walgreens Investment Opportunity

11001 S Eastern Ave Las Vegas, NV 89052

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High-performing Walgreens in affluent Henderson trade area.

Type:Retail
Property size:
14,490 SF
Price / SF:
$414/SF
Added:
Nov 7, 2025
Days on Market:
247
Last Refresh:
Jul 4 at 8:08 am

Property Features for 11001 S Eastern Ave

General Information

Standard status
Active
Size
14,490 SF
Property subtype
Retail

Building Details

Year Built
2001

Listing office Marcus & Millichap - Las Vegas

Listing date Nov 7, 2025

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Las Vegas


Investment Insights

Based on property information with market context.

This corporate-guaranteed Walgreens offers a chance to acquire a high-performing asset in a rapidly growing trade area of Henderson. Situated on the corner of S Eastern Avenue and Sunridge Heights Parkway, the site experiences traffic of 27,000 vehicles per day. The surrounding area has a dense demographic profile with 7,689 households and an average income of $147,651 within a 1-mile radius. Its location near three major schools with over 4,500 students generates consistent foot traffic and pharmacy demand. The property is buffered by 1.4 miles from the nearest CVS and is located among national co-tenants, including Smith’s, Starbucks, and Wendy’s. With six years of lease term remaining and six renewal options, this offering provides stable cash flow and long-term repositioning potential in a supply-constrained corridor. The property size is 14,490 square feet. Nevada's pro-business climate, with no state income tax, corporate income tax, or franchise tax, makes this an exceptional investment opportunity.

Key Highlights

  • Corporate‑guaranteed Walgreens with stable cash flow and limited landlord responsibilities.
  • Located on a hard corner with high traffic volume (27,000 vehicles per day).
  • Strong demographics: affluent and dense 1‑mile radius (7,689 households, $147,651 average income).

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $495.6k $34.20
− Vacancy −$21.8k −$1.50
EGI $473.8k $32.70
− OpEx −$118.4k −$8.17
NOI $355.3k $24.52
14,490 SF · lease $34.20/SF/yr · vacancy 4.40% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$5.08M
$4.44M – $5.92M (±1% cap)
NOI $355,315 @ 7.0% cap · market cap 5.92%
Second Best
Retail
$4.74M
$4.15M – $5.53M (±1% cap)
NOI $331,627 @ 7.0% cap · market cap 5.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Drug stores

Suggested Use

Building Supply Daycare Center Parking Lot & Garage Electrical Service HVAC Service Kitchen & Bath Showroom Florist Grocery & Convenience Store (Bike/Boat/Book/etc) Store Locksmith

Zoning and permitted uses should be independently verified with local authorities.

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FAQs

What type of property is this?
Drug store - High-performing Walgreens in affluent Henderson trade area.
Where is this drug store located?
The property is located at 11001 S Eastern Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Corporate‑guaranteed Walgreens with stable cash flow and limited landlord responsibilities.; Located on a hard corner with high traffic volume (27,000 vehicles per day).; Strong demographics: affluent and dense 1‑mile radius (7,689 households, $147,651 average income).
Contact an agent
(702) 215-7100 Call to check price and availability
More about this property
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