2427 S Las Vegas Blvd #100 Las Vegas, NV 89104

Listing agency Colliers - Los Angeles - Orange County, California Show Phone

Listed by Eric Carlton · License #CA 01809955

Source Crexi

Added: Apr 10 Updated: Jul 22 at 3:06AM Checked: Jul 22 at 3:06AM

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Investment Insights

Based on property information with market context.

This offering is for a fee simple, single-tenant net leased Walgreens property that is described as fully occupied by Walgreen Co. (NYSE: WBA), with over 20 years remaining on the base term.

The site is positioned at the intersection of Las Vegas Blvd and E. Sahara Blvd on the Las Vegas Strip, at a hard corner location. Public remarks indicate the property is across from the Stratosphere Casino, Hotel & Tower (soon to be “The STRAT”), SLS Las Vegas, and Hilton Grand Vacations, and receives AADT counts of over 118,000 vehicles.

The remarks further note active area redevelopment, including the Drew Las Vegas hotel and casino scheduled to open in 2022 and a $140 million upgrade to The Stratosphere to be re-branded as “The STRAT.”

Key Highlights

• Fee simple, single‑tenant net leased Walgreens is fully occupied by Walgreens Co. (NYSE: WBA).
• Over 20 years remaining on the base term for the lease.
• Located at the hard corner of Las Vegas Blvd and E. Sahara Blvd on the Las Vegas Strip.

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FAQs

What type of property is this?

Drug store - Fee simple Walgreens is fully occupied with over 20 years remaining and is positioned at a major Strip intersection.

Where is this drug store located?

The property is located at 2427 S Las Vegas Blvd #100 Las Vegas, NV.

What are key features of this property?

This property features: Fee simple, single‑tenant net leased Walgreens is fully occupied by Walgreens Co. (NYSE: WBA).; Over 20 years remaining on the base term for the lease.; Located at the hard corner of Las Vegas Blvd and E. Sahara Blvd on the Las Vegas Strip.