1402 Lake Mead PkwyHenderson, NV 89015

Property Details for 1402 Lake Mead Pkwy

Year built

2008

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.67 AC

Property size (Sq ft)

13,384 SF

Property type

Retail properties

Property subtype

Drug stores

APN

160-33-411-003

APU

16033411003

Description

This exceptional portfolio comprises nine CVS Pharmacy locations across six states (Nevada, New York, New Hampshire, North Carolina, California, and Florida). The properties total 122,245 square feet and are situated on approximately 18.95 acres of land. Each location features a drive-thru and benefits from a corporate guarantee, providing significant tenant credit strength. The portfolio is offered as an absolute NNN leasehold investment, eliminating landlord responsibilities. The weighted average lease term (WALT) is nine years, offering long-term stability and predictable cash flow. The properties boast strong average household incomes in their respective markets. The asking price is $21,724,000, representing a price per square foot of $177.71 and a compelling cap rate of 10.87%. The current net operating income (NOI) stands at $2,361,334. This portfolio presents a rare opportunity to acquire a diversified, high-performing retail investment with significant upside potential. Specific addresses and property details are available upon request.

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0719

Longitude

-114.955

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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