For Sale
$4,253,000

10415 Rainbow BlvdLas Vegas, NV 89178

High-growth, 100% occupied retail center

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 7,926 square foot retail shopping center in Las Vegas, Nevada, presents a compelling investment opportunity. Built in 2023, this single-story, two-unit building boasts 100% occupancy with long-term NNN leases in place, ensuring a stable income stream. The property features a desirable tenant mix, including a doggie daycare, boarding, and grooming facility, and a beauty salon, creating a resilient business model. Strategically located at the signalized intersection of W. Cactus Ave. and S. Rainbow Blvd., the center benefits from exceptional visibility and high traffic counts exceeding 36,800 vehicles per day. Its proximity to the I-15 Freeway (126,000 VPD) and CC 215 Beltway (201,000 VPD) further enhances accessibility. The property is situated within the affluent Mountain's Edge master-planned community, surrounded by approximately 112,000 residences and boasting strong demographics, with an average household income of $121,063 within a 5-mile radius. The 0.81-acre lot is zoned Commercial General (CG). The property's Net Operating Income (NOI) is $265,822, resulting in a 6.25% cap rate. The asking price is $4,253,000. Nearby amenities include Chevron, Meineke, and Don Tortaco, and future developments include a Station Casinos hotel/resort/casino and an HCA hospital. This is a rare opportunity to acquire a newly constructed, stabilized retail center in a high-growth area with excellent long-term potential. The property's APN is 176-27-823-007.

Highlights

  • Stabilized retail center with 100% occupancy and long-term (10-year) NNN leases; internet-resistant tenant mix.
  • High-traffic location on W. Cactus Rd. and Rainbow Blvd. (±36,800 VPD), serving affluent Mountain’s Edge and Southern Highlands neighborhoods, near I-15 Freeway (±126,000 VPD).
  • Brand new (2023) construction in high-growth area with 12,000+ residences nearby.
  • Located near major hotels, including Southpoint Hotel & Casino and M Resort, and future developments such as a new HCA hospital and Station Casinos project.
  • Serves affluent Mountain’s Edge and Southern Highlands communities; dense trade area with 248,355+ residents and average household income of $121,063 within a 5-mile radius.

Property Details for 10415 Rainbow Blvd

Property type
Lifestyle centers, Power centers
Square Feet
7,926 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
35,284 SF
Units
2

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.000073933712
Longitude
-115.24360039239
10415 Rainbow Blvd, Las Vegas, Nevada

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10415 Rainbow Blvd
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