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CVS | Approx 8yrs Remain Abs NNN | DrThru 6705 E Lake Mead Blvd

13,302 SF Retail Building Las Vegas, NV 89156 $3,858,000 ($290/SF) 7.25% Cap Rate

Drug Stores Nevada Las Vegas 6705 E Lake Mead Blvd, Las Vegas, NV 89156

Investment Highlights

  • Approximately 8 Years Remaining | Investment Grade Tenant (S&P: BBB) | Drive-Thru Equipped
  • Signalized, Hard Corner Intersection | Albertsons Anchored Center
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Income Tax Free State
  • Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS Real Estate Partners, LLC is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, drive-thru equipped, freestanding CVS investment property located in Las Vegas, Nevada. The tenant has approximately 8 years remaining with 10 (5-year) options to extend. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor in an income tax free state. CVS Pharmacy is America’s leading retail pharmacy with nearly 10,000 locations across 49 states, District of Columbia and Puerto Rico.

Property Facts

Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,302 SF
Building Class
C
Year Built
1999
Price
$3,858,000
Price Per SF
$290
Cap Rate
7.25%
NOI
$279,727
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Land Acres
1.40 AC
Zoning
C-2 - General Commercial District
Parking
57 Spaces (4.29 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Corner Lot
  • Signage
  • Signalized Intersection
  • Drive Thru

Links

1 of 1

PROPERTY TAXES

Parcel Number 140-23-315-005 Improvements Assessment $699,589
Land Assessment $298,822 Total Assessment $998,411

PROPERTY TAXES

Parcel Number
140-23-315-005
Land Assessment
$298,822
Improvements Assessment
$699,589
Total Assessment
$998,411
(480) 221-4221

  • Listing ID: 32002839

  • Date on Market: 6/3/2024

  • Last Updated:

  • Address: 6705 E Lake Mead Blvd, Las Vegas, NV 89156

More public record information on 6705 E Lake Mead Blvd, Las Vegas, NV 89156

The Retail Property at 6705 E Lake Mead Blvd, Las Vegas, NV 89156 is currently available For Sale. Contact SRS National Net Lease for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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6705 E Lake Mead Blvd, Las Vegas, NV for sale Building Photo- Image 1 of 9
Las Vegas NV - CVS
6705 E Lake Mead Blvd, Las Vegas, NV for sale Building Photo- Image 2 of 9
Las Vegas NV - CVS2
6705 E Lake Mead Blvd, Las Vegas, NV for sale Building Photo- Image 3 of 9
Las Vegas NV - CVS3
6705 E Lake Mead Blvd, Las Vegas, NV for sale Building Photo- Image 4 of 9
Las Vegas NV - CVS4
6705 E Lake Mead Blvd, Las Vegas, NV for sale Building Photo- Image 5 of 9
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6705 E Lake Mead Blvd, Las Vegas, NV for sale Building Photo- Image 6 of 9
Las Vegas NV - CVS6
6705 E Lake Mead Blvd, Las Vegas, NV for sale Building Photo- Image 7 of 9
Las Vegas NV - CVS7
6705 E Lake Mead Blvd, Las Vegas, NV for sale Building Photo- Image 8 of 9
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CVS | Approx 8yrs Remain Abs NNN | DrThru | 6705 E Lake Mead Blvd
(480) 221-4221 x

CVS | Approx 8yrs Remain Abs NNN | DrThru | 6705 E Lake Mead Blvd

Patrick Luther

(480) 221-4221

(480) 221-4221

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