3480 S Jones Blvd Las Vegas, NV 89146

Listing agency Marcus & Millichap - Reno

Listed by Kenneth Blomsterberg · License #NV B.06886

Source Crexi

Added: Apr 12 Updated: Jul 23 at 2:04AM Checked: Jul 23 at 6:13AM

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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.

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

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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
• Institutional Pharmacy Solutions — 5975 W Twain Ave, Las Vegas, NV 89103
• Thu D. Tran, Pharm — 3880 S Jones Blvd, Las Vegas, NV 89103

FAQs

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).