For Sale
$2,941,000
1040 Rainbow Blvd Las Vegas, NV 89145
8,000 SF Pharmacy, 6% Cap Rate, Owner-User Potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 139
Highlights
- 8,000 SF fee-simple retail building in Las Vegas, NV, located at 1040 S Rainbow Blvd.
- Class B property in the Rainbow Vista development with excellent visibility from Rainbow Boulevard near W Charleston Blvd.
- Currently 33% occupied (as of May 18, 2023), with a primary tenant under a NNN lease with 2.9 years remaining (expiring October 31, 2027) and a secondary tenant under a 5-year lease with three rent bumps.
- Features a large pylon sign and ample parking.
- Asking price: $2,941,000 ($367.62/SF), offering a 6.00% cap rate. Suitable for a 1031 exchange.
Property Details for 1040 Rainbow Blvd
- Property type
- Retail properties, Drug stores
- Square Feet
- 8,000 SF
- Class
- B
- Year Built/Renovated
- 1995/2022
- Buildings
- 1
- Stories
- 1
- Units
- 2
Location Insight
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Latitude
- 36.1600233
- Longitude
- -115.243539
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - 8,000 SF Pharmacy, 6% Cap Rate, Owner-User Potential
- Where is the retail property located?
- The property is located at 1040 Rainbow Blvd Las Vegas, NV.
- What is the asking price?
- The asking price for this property is $2,941,000.
- What are key features of this property?
- This property features: 8,000 SF fee-simple retail building in Las Vegas, NV, located at 1040 S Rainbow Blvd.; Class B property in the Rainbow Vista development with excellent visibility from Rainbow Boulevard near W Charleston Blvd.; Currently 33% occupied (as of May 18, 2023), with a primary tenant under a NNN lease with 2.9 years remaining (expiring October 31, 2027) and a secondary tenant under a 5-year lease with three rent bumps.
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