Walgreens Drug Store with Corporate
For Sale
Contact for pricing
385 E Silverado Ranch Blvd, Las Vegas, NV 89183
Absolute NNN 15-year lease with Walgreens corporate guarantee on a hard-corner parcel at a signalized intersection.
Property Size14,448 SF
Lot Size1.95 Acres
Price / SF$368.01
Days on Market154
Property Features for 385 E Silverado Ranch Blvd
General Information
Standard status
Active
Size
14,448 SF
Lot size
1.95 Acres
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Colliers | Las Vegas
(702) 735-5700
Listed By:
Adam Malan · License #63542
(702) 727-3778
Source:
Moodyscre
Added: May 7
Changed: Sep 9
Last Checked: Oct 7 at 11:59AM
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 Colliers | Las Vegas
Investment Insights
Based on property information with market context.
This Walgreens drug store is offered as an absolute NNN investment with a 15-year lease term. Walgreens Co. provides a corporate guarantee, aligning the asset with tenant-credit underwriting expectations. The property size is 14,448 SF and the parcel is a large-format hard corner totaling ±1.95 acres.
The site is located at a signalized intersection of E Silverado Ranch Blvd and Bermuda Rd, with traffic volumes of 148,800 VPD. The property is approximately 1 mile east of Interstate 15 (I-15), where traffic is cited at 156,000 VPD. The shopping center activity is supported by reported 511,000+ visits per year.
Overall, the combination of an absolute NNN lease structure, Walgreens corporate guarantee, and prominent corner location supports a straightforward long-term retail investment profile.
The site is located at a signalized intersection of E Silverado Ranch Blvd and Bermuda Rd, with traffic volumes of 148,800 VPD. The property is approximately 1 mile east of Interstate 15 (I-15), where traffic is cited at 156,000 VPD. The shopping center activity is supported by reported 511,000+ visits per year.
Overall, the combination of an absolute NNN lease structure, Walgreens corporate guarantee, and prominent corner location supports a straightforward long-term retail investment profile.
Key Highlights
- Absolute NNN 15‑year lease with Walgreens Co. corporate guarantee
- Large‑format hard corner parcel, ±1.95 acres
- Signalized intersection of E Silverado Ranch Blvd and Bermuda Rd, 148,800 VPD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$349,468
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,989,360
$7.0M
Cap Rate 7%
$4,992,400
$5.0M
Cap Rate 9%
$3,882,978
$3.9M
Market Conditions
NOI Build-Up for 14,448 SF
Gross rent
$494.1K $34.20/SF
− Vacancy
−$28.2K −$1.95/SF
EGI
$466.0K $32.25/SF
− OpEx
−$116.5K −$8.06/SF
NOI
$349.5K $24.19/SF
Area
Las Vegas, NV
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,989,360
Cap Rate 7%
$4,992,400
Cap Rate 9%
$3,882,978
Alternative Uses
Best Use
Specialty Retail
$4.99M
$4.37M – $5.82M
NOI $349,468 @ 7.0% cap · market cap 6.57%
Second Best
Retail
$4.66M
$4.08M – $5.44M
NOI $326,170 @ 7.0% cap · market cap 6.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 89183, NV
40,517
Population
16,250
Households
2.5
Avg Household Size
35
Median Age
28%
College-Educated
94%
High-School Grad
7.0 sq mi
ZIP Area
5,788
Density / Sq Mi
$83,053
Median Household Income
$44,533
Median Earnings
$1,750
Median Rent
$415,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Las Vegas, NV
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Similar Off Market Nearby
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- Emily Wattenschaidt, PHARM — 385 E Silverado Ranch Blvd, Las Vegas, NV 89183
- Poorva M. Parikh, BPharm — 385 E Silverado Ranch Blvd, Las Vegas, NV 89183
- Amy Lavanty, RPh — 385 E Silverado Ranch Blvd, Las Vegas, NV 89183
- Hiep N. Tran, PharmD — 385 E Silverado Ranch Blvd, Las Vegas, NV 89183
Frequently Asked Questions
What type of property is this?
Drug store - Absolute NNN 15-year lease with Walgreens corporate guarantee on a hard-corner parcel at a signalized intersection.
Where is this drug store located?
The property is located at 385 E Silverado Ranch Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $5,316,998.
What are key features of this property?
This property features: Absolute NNN 15‑year lease with Walgreens Co. corporate guarantee; Large‑format hard corner parcel, ±1.95 acres; Signalized intersection of E Silverado Ranch Blvd and Bermuda Rd, 148,800 VPD
