For Sale
$4,637,000

10435-10485 Rainbow Blvd Las Vegas, NV 89178

High-growth, 100% occupied retail center.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 8,299 square foot, single-story retail shopping center in Las Vegas, Nevada, presents a compelling investment opportunity. Built in 2023, the property boasts seven units currently operating at 100% occupancy with a diverse tenant mix including grocery, barbershop, personal training, and dental services—creating a resilient portfolio. The Net Operating Income (NOI) stands at $289,863, yielding a 6.25% cap rate. Located on a 0.65-acre lot at the signalized intersection of W. Cactus Ave. and S. Rainbow Blvd., this center benefits from exceptional visibility and high traffic counts exceeding 36,800 vehicles per day. Its strategic location provides easy access to the I-15 Freeway (approximately 126,000 VPD) and the CC 215 Beltway (approximately 201,000 VPD). The property is situated within the thriving Mountain's Edge master-planned community, surrounded by affluent residential neighborhoods like Southern Highlands, serving a dense population of approximately 248,355 residents with an average household income exceeding $121,063 within a 5-mile radius. The property is zoned Commercial General (CG) and features a weighted average lease term (WALT) of 7.67 years, providing long-term stability and predictable income. Nearby amenities include the Southpoint Hotel & Casino, M Resort, and future developments such as a new HCA hospital and a Station Casinos hotel/resort/casino. The asking price is $4,637,000. APN: 176-27-823-005, 176-27-823-010.

Highlights

  • Stabilized retail center with 100% occupancy and staggered lease expirations, featuring a diverse tenant mix of grocery, beauty, fitness, and medical businesses, and a 7.67-year Weighted Average Lease Term (WALT).
  • High-traffic location at W. Cactus Rd. and Rainbow Blvd. (36,800 VPD), providing excellent access and visibility to affluent Mountain’s Edge and Southern Highlands neighborhoods, and close proximity to I-15 Freeway (126,000 VPD).
  • Brand new (2023) construction in a high-growth area with 12,000+ residences within the Mountain’s Edge master-planned community, near major hotels and future developments including a new hospital and significant land acquisitions.
  • Serves affluent Mountain’s Edge and Southern Highlands communities, situated in a dense trade area with 248,355 residents and average household incomes exceeding $121,063 within a 5-mile radius.

Property Details for 10435-10485 Rainbow Blvd

Property type
Lifestyle centers, Power centers
Square Feet
8,299 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
28,314 SF
Units
7

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
35.999674881922
Longitude
-115.24359614139

FAQs

What type of property is this?
Lifestyle center - High-growth, 100% occupied retail center.
Where is the lifestyle center located?
The property is located at 10435-10485 Rainbow Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $4,637,000.
What are key features of this property?
This property features: Stabilized retail center with 100% occupancy and staggered lease expirations, featuring a diverse tenant mix of grocery, beauty, fitness, and medical businesses, and a 7.67-year Weighted Average Lease Term (WALT).; High-traffic location at W. Cactus Rd. and Rainbow Blvd. (36,800 VPD), providing excellent access and visibility to affluent Mountain’s Edge and Southern Highlands neighborhoods, and close proximity to I-15 Freeway (126,000 VPD).; Brand new (2023) construction in a high-growth area with 12,000+ residences within the Mountain’s Edge master-planned community, near major hotels and future developments including a new hospital and significant land acquisitions.
How can I contact the broker?
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10435-10485 Rainbow Blvd
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