8500 West Cheyenne Avenue

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8500 West Cheyenne Avenue

Las Vegas, NV 89129
Asking Price
$5.32M
Cap Rate
5.75%
Asset Type
Pharmacy/Drug Retail
Class
Class B

What's Special

Absolute NNN 15-Year Lease <p><strong>Absolute NNN Lease | Corporate Guarantee </strong></p><ul><li>​Walgreen’s Co.​ Corporate Guarantee</li><li>​15-Year Absolute NNN lease with twelve 5-year extension terms</li><li>​5% rental increases every 5 years, including options</li></ul><p></p><p><strong>Top Performing Location | Desirable Retail Corridor</strong></p><ul><li>​Top 7 Performing Nevada Store with 514K+ visits per year (*PlacerAI)</li><li>​Located within the highly desirable Northwest retail corridor with maximum stre

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NOI
$80,000
Cap Rate
1.50%
DSCR
0.25
Underwater
Cash-on-Cash
-14.78%
Monthly Payment
$26,320.457
Annual Cash Flow
$-235,845.488

Location & Travel Times