Southwestern US (Mead)

Southwestern US (Mead)

Price: $ 3,385,714
CAP Rate: 7.00%
NOI: $ 237,000
Lease Term Remaining Before Options: 5 Years
Investment Highlights
  • Walgreens has operated at this site since 1996, with five years remaining on the current lease term.
  • Walgreens benefits from dense infill demographics with over 71,299 households and 196,470 residents in a 3-mile radius.
  • Located on the northeast corner of West Lake Mead Boulevard and North Jones Boulevard with a combined traffic count of ±48,700 vehicles per day. Within one mile of Interstate 11 with ±174,000 vehicles per day.
  • Replaceable rent levels with Walgreens paying $17.04 in rent, which is under market rents of $25/sf.
  • Over 5.1 million square feet of existing retail space within a 2 mile radius of the property.
Offering Summary

For additional information, please contact Jason Pongsrikul at (619) 206-1012 or jp@pharmapropertygroup.com.

Price: $ 3,385,714
CAP Rate: 7.00%
NOI: $ 237,000
Lease Term Remaining Before Options: 5 Years