1402 Lk Mead Pkwy, Henderson, NV 89015-4600
- Drug stores
- 13,384 SF
- 1.67 lot acres
Current Use by Public Records
- CVS Photo / (Bike/Boat/Book/etc) Store
- CVS Pharmacy / Pharmacy
- CVS / Pharmacy
- Coinhub Bitcoin ATM Teller / Atm
- UPS Access Point location / Courier Service / Postal Service
Property Details for 1402 Lk Mead Pkwy
- Year built
- 2008
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.67 lot acres
- Property type
- Drug stores
- APN
- 160-33-411-003
- APU
- 16033411003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 4, 2005 | — | Owner Name Unavailable | Owner Name Unavailable | Quit Claim Deed · related | — |
| — | — | Lm Athens LLC | — | Deed Of Trust · related | $1.5M · Protective Life Insurance Co |
| — | — | Scp 2008-c28-502 LLC | — | Deed Of Trust · related | $3.3M · Wells Fargo Bank |
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,203,000
Market price range: $380k - $2.20M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,685,000 Current use
- OFFICE BUILDING
- $4,180,000 Change: +13% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Henderson
- County
- Clark
- State
- Nevada
- Longitude
- -114.955
- Latitude
- 36.0719
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
