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Cactus Shops 10435 S Rainbow Blvd

8,299 SF 100% Leased Retail Building Las Vegas, NV 89178 $4,637,000 ($559/SF) 6.25% Cap Rate

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Investment Highlights

Stabilized retail center with long term leases
Strategically located on W. Cactus Rd. and Rainbow Blvd. carrying ±36,800 VPD
Located west of the I-15 Freeway (±126,000 VPD)

New construction in high growth trade area
Surrounded by ±12,000 residences within the Mountain’s Edge master planned community

Executive Summary

Colliers is pleased to exclusively offer for sale a new construction multi-tenant retail building located in Las Vegas, NV. This stabilized property consists of ±8,299 SF and is NNN leased to an internet-resistant mix of grocery, barbershop, personal training, and dental tenants.
The asset is well positioned within the high growth Southwest trade area of Las Vegas, Nevada, at the signalized intersection of W. Cactus Ave. and S. Rainbow Blvd., with traffic counts in excess of ±36,800 VPD. Cactus Shops benefits from its proximity to both the I-15 Freeway (±126,000 VPD) and CC 215 Beltway (±201,000 VPD) and is in proximity to major planned developments including a future Station Casino’s hotel/resort/casino (±126 AC) and a future HCA Hospital (±57 AC) at Cactus Ave. and Las Vegas Blvd.
The asset services a dense and mature trade area consisting of ±248,355 residents with an average annual household income of ±$121,063 within a 5-mile radius. The property is located within the Mountain’s Edge master planned community (±12,000 homes on ±3,500 AC) and is surrounded by affluent residential neighborhoods, including Southern Highlands.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront

Building Size

8,299 SF

Building Class

Year Built

2023

Price

$4,637,000

Price Per SF

$559

Cap Rate

6.25%

NOI

$289,863

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.29

Land Acres

0.65 AC

Zoning

CG - Commercial General

Frontage

681 FT on Badger Ravine Street

2 If By Sea Market
Accommodation and Food Services
99,999 SF
-
-

Alloy Personal Training
Services
99,999 SF
-
-

Cigar House
Retailer
99,999 SF
-
-

Dr. Rahi Shah
Health Care and Social Assistance
99,999 SF
-
-

GVT Jiu-Jitsu
Services
99,999 SF
-
-

Member Cuts
Professional, Scientific, and Technical Services
99,999 SF
-
-

Smog Check
Professional, Scientific, and Technical Services
99,999 SF
-
-

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease End
2 If By Sea Market	Accommodation and Food Services	99,999 SF	-	-
Alloy Personal Training	Services	99,999 SF	-	-
Cigar House	Retailer	99,999 SF	-	-
Dr. Rahi Shah	Health Care and Social Assistance	99,999 SF	-	-
GVT Jiu-Jitsu	Services	99,999 SF	-	-
Member Cuts	Professional, Scientific, and Technical Services	99,999 SF	-	-
Smog Check	Professional, Scientific, and Technical Services	99,999 SF	-	-