1040 Rainbow BlvdLas Vegas, NV 89145

This exceptional investment opportunity presents a fee-simple, 8,000-square-foot retail building in Las Vegas, Nevada. Located at 1040 S Rainbow Blvd, this Class B property boasts a prime location in the Rainbow Vista development, offering excellent visibility from Rainbow Boulevard near W Charleston Blvd. Currently housing a pharmacy franchisee as a primary tenant under a NNN lease with 2.9 years remaining (commencing July 1, 2022, and expiring October 31, 2027), this stabilized investment offers a 6.00% cap rate and a $367.62 price per square foot. The property features a single-story building constructed in 1995 and renovated in 2022, with ample parking. The building is zoned C-1 and includes a prominent pylon sign. The asking price is $2,941,000. This property is ideal for an owner-user medical professional seeking a fully built-out space, complemented by rental income from an adjacent tenant. The property includes two units, with the second unit occupied by a tenant under a five-year lease. The property's features include three rent bumps built into the lease. This is a multi-tenant property with a 33% occupancy rate as of May 18, 2023. The APN is 138-34-820-008. This offering is suitable for a 1031 exchange.