Walgreens STNL – Summerlin Las Vegas

JDS Real Estate Services is pleased to offer for sale to qualified investors a single tenant Walgreens in Las Vegas Nevada.

The property is leased to Walgreens which has been at the location since 1998. in 2013, Walgreens exercised its first two options early, with ±8 years remaining until the next option date.

The corporate backed lease by the world’s largest drug store by volume has a Double NN Structure, with Landlord only being responsibly for roof and structure.
The Lessee is Walgreens Company, the nation’s largest drug store with approximately 13,200 stores. As of May 2019, the market valuation of Walgreens exceeds $48.84BN.

The subject property is located in Summerlin- Las Vegas. Summerlin is Las Vegas’ premier urban and residential community nestled against the breathtaking Red Rock National Conservation Area and now home of the Las Vegas Aviators.

A suburban master-planned community in the Las Vegas Valley of Southern Nevada, Summerlin lies at the edge of the Spring Mountains and Red Rock Canyon to the west; it is partly within the official city limits of Las Vegas and partly within unincorporated Clark County.

This rapidly growing community occupies over 22,500 acres and according to its developers, “has grown to encompass more than 230 parks, more than two dozen public and private schools, 14 houses of worship, nine golf courses, three resort hotels, world-class recreational facilities, retail and entertainment centers, well-established office parks, a state-of-the-art medical center, and more.”