Family Dollar Retail
New
For Sale
$1,600,000
850 N Lamb Blvd, Las Vegas, NV 89110
Family Dollar has occupied this North Lamb Boulevard location for approximately two decades and exercised its first renewal option.
Property Size8,000 SF
Price / SF$200
Days on Market1
Property Features for 850 N Lamb Blvd
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Discount
Lease Type
NNN
Amenities
Approximately Twenty Years of Successful Operations. Family Dollar has occupied this location since approximately 2005.
The property serves a mature trade area with thousands of surrounding households already in place. The customer base has supported this location for nearly two decades.
Building a comparable freestanding retail property today would require substantially higher land costs, construction costs and longer development timelines.
Building Details
Building Size
8,000 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap - Las Vegas
Listed By:
Dustin Alvino · License #License(s): NV: BS.0143692, NJ: 2294556
(702) 215-7120
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 2:45PM
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
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Investment Insights
Based on property information with market context.
The 8,000-square-foot retail storefront at 850 N Lamb Blvd is occupied by Family Dollar Stores, Inc., a subsidiary of Dollar Tree, Inc. The retailer has operated at this location for approximately twenty years and has exercised its first renewal option, continuing its tenancy at the property.
The property sits along North Lamb Boulevard in an established East Las Vegas retail corridor. Dense residential neighborhoods surround the corridor, and the trade area is described as built out.
The property sits along North Lamb Boulevard in an established East Las Vegas retail corridor. Dense residential neighborhoods surround the corridor, and the trade area is described as built out.
Key Highlights
- 8,000‑square‑foot retail storefront
- Occupied by Family Dollar Stores, Inc., a Dollar Tree, Inc. subsidiary
- Family Dollar has operated at this location for approximately twenty years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,753
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,275,060
$2.3M
Cap Rate 7%
$1,625,043
$1.6M
Cap Rate 9%
$1,263,922
$1.3M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$177.6K $22.20/SF
− Vacancy
−$15.1K −$1.89/SF
EGI
$162.5K $20.31/SF
− OpEx
−$48.8K −$6.09/SF
NOI
$113.8K $14.22/SF
Area
ZIP 89110
Vacancy
8.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,275,060
Cap Rate 7%
$1,625,043
Cap Rate 9%
$1,263,922
Alternative Uses
Best Use
Retail
$1.63M
$1.42M – $1.90M
NOI $113,753 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,166 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89110, NV
73,954
Population
23,701
Households
3.1
Avg Household Size
32
Median Age
10%
College-Educated
68%
High-School Grad
9.6 sq mi
ZIP Area
7,704
Density / Sq Mi
$54,858
Median Household Income
$34,509
Median Earnings
$1,292
Median Rent
$304,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Las Vegas, NV
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Family Dollar has occupied this North Lamb Boulevard location for approximately two decades and exercised its first renewal option.
Where is this storefront property located?
The property is located at 850 N Lamb Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 8,000‑square‑foot retail storefront; Occupied by Family Dollar Stores, Inc., a Dollar Tree, Inc. subsidiary; Family Dollar has operated at this location for approximately twenty years
