Drive-Through Walgreens
For Sale
Contact for pricing
3480 S Jones Blvd, Las Vegas, NV 89146
Long-term absolute NNN lease guaranteed by Walgreens, with drive-through access at a signalized four-way corner.
Property SizeContact for details
Days on Market150
Property Features for 3480 S Jones Blvd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Reno
Listed By:
Kenneth Blomsterberg · License #NV B.06886
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 6:13AM
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 - Reno
Investment Insights
Based on property information with market context.
The property is operated under a long-term absolute NNN (NNN) lease structure with no landlord management or maintenance responsibilities. The lease includes 5% rent increases every five years during the original term and 12 five-year renewal options, subject to renewal exercise. The lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc. The parent company is described as carrying investment-grade credit ratings (buyer to verify during due diligence).
The site is positioned as a four-way signalized corner with direct street frontage and access along each street. Drive-through lane access is part of the property configuration, and the asset has frontage on S Jones Blvd (33,500 VPD) and W Spring Mountain Rd (34,219 VPD), per the information provided. The surrounding retail mix includes national brands such as KFC, 7-Eleven, The UPS Store, Chase Bank, Wells Fargo Bank, Bank of America, Baskin-Robbins, Chevron, and McDonald’s, among others.
The site is positioned as a four-way signalized corner with direct street frontage and access along each street. Drive-through lane access is part of the property configuration, and the asset has frontage on S Jones Blvd (33,500 VPD) and W Spring Mountain Rd (34,219 VPD), per the information provided. The surrounding retail mix includes national brands such as KFC, 7-Eleven, The UPS Store, Chase Bank, Wells Fargo Bank, Bank of America, Baskin-Robbins, Chevron, and McDonald’s, among others.
Key Highlights
- Long‑term absolute NNN lease with no landlord management or maintenance responsibilities.
- Lease structure includes 5% rent increases every 5 years during the original term and 12, five‑year renewal options (if exercised).
- Investment‑grade tenant: lease guaranteed by Walgreen Co., subsidiary of Walgreens Boots Alliance, Inc. (Moody’s Baa2/Stable; S&P BBB/Stable).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,599
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89146, NV
19,777
Population
8,385
Households
2.4
Avg Household Size
40
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
4,120
Density / Sq Mi
$64,330
Median Household Income
$38,121
Median Earnings
$1,407
Median Rent
$432,700
Median Home Value
Market
Vacancy Rate% for Retail in Las Vegas, NV
Questions? Ask Rey
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Similar Off Market Nearby
- Jeffrey B. Mandel, Pharm — 3880 S Jones Blvd, Las Vegas, NV 89103
- Lawrence W. Chinn, PharmD — 3880 S Jones Blvd, Las Vegas, NV 89103
- Thanh Nguyen — 3880 S Jones Blvd, Las Vegas, NV 891032456
- Thu D. Tran, Pharm — 3880 S Jones Blvd, Las Vegas, NV 89103
- Institutional Pharmacy Solutions — 5975 W Twain Ave, Las Vegas, NV 89103
Frequently Asked Questions
What type of property is this?
Drug store - Long-term absolute NNN lease guaranteed by Walgreens, with drive-through access at a signalized four-way corner.
Where is this drug store located?
The property is located at 3480 S Jones Blvd Las Vegas, NV.
What are key features of this property?
This property features: Long‑term absolute NNN lease with no landlord management or maintenance responsibilities.; Lease structure includes 5% rent increases every 5 years during the original term and 12, five‑year renewal options (if exercised).; Investment‑grade tenant: lease guaranteed by Walgreen Co., subsidiary of Walgreens Boots Alliance, Inc. (Moody’s Baa2/Stable; S&P BBB/Stable).
