8025 S Rainbow Blvd
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8025 S Rainbow Blvd
6,048 SF 100% Leased Retail Building Las Vegas, NV 89139 $4,800,000 ($794/SF) 5.15% Cap Rate
Investment Highlights
- 8025 S. Rainbow Boulevard, Las Vegas, Nevada 89139
- Occupancy 100% | Construction Year 2018
- Assessor Parcel Number (APN) 176-10-816-003
- 6,148 +/- Square Foot Building | 0.92 Acre Parcel
- Zoning Clark County Commercial General (CG)
- Well-seasoned internet resistant tenants | Excellent parking, access, and visibility
Executive Summary
Colliers Las Vegas is pleased to exclusively present the opportunity to acquire the fee simple interest in The Shops on Rainbow, a 6,148 square foot two-tenant retail building plus a Bank of America ATM, located on the southwest corner of S. Rainbow Boulevard & W. Santoli Avenue, in Las Vegas, Nevada, 89139.
The subject property is situated at a powerful signalized intersection which includes Smith’s Food & Drug, 7-Eleven, Sherwin-Williams Paint Store, Jack in the Box, Jollibee, O’Reilly Auto Parts, Church’s Texas Chicken, and dozens of national, regional and local shop tenants. The Arroyo Market Square is located less than one-half mile north featuring Walmart, Sam’s Club, Home Depot, Ross Dress for Less, Marshall’s, Michaels, Best Buy, Planet Fitness, Party City, PetSmart, Macy’s, and Office Depot.
There are approximately 27,708 residents within a 1-mile radius; 134,499 residents within a 3-mile radius; and 30,396 residents within a 5-mile radius. The average household income is approximately $126,445 within a 1-mile radius; $122,090 within a 3-mile radius; and $117,056 within a 5-mile radius.
The subject property is situated at a powerful signalized intersection which includes Smith’s Food & Drug, 7-Eleven, Sherwin-Williams Paint Store, Jack in the Box, Jollibee, O’Reilly Auto Parts, Church’s Texas Chicken, and dozens of national, regional and local shop tenants. The Arroyo Market Square is located less than one-half mile north featuring Walmart, Sam’s Club, Home Depot, Ross Dress for Less, Marshall’s, Michaels, Best Buy, Planet Fitness, Party City, PetSmart, Macy’s, and Office Depot.
There are approximately 27,708 residents within a 1-mile radius; 134,499 residents within a 3-mile radius; and 30,396 residents within a 5-mile radius. The average household income is approximately $126,445 within a 1-mile radius; $122,090 within a 3-mile radius; and $117,056 within a 5-mile radius.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,048 SF
Building Class
C
Year Built
2018
Price
$4,800,000
Price Per SF
$794
Cap Rate
5.15%
NOI
$247,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Land Acres
0.92 AC
Zoning
Clark County (CG) - Clark County Commercial General (CG)
Parking
34 Spaces (5.62 Spaces per 1,000 SF Leased)
Frontage
Walk Score ®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $969,456 | |
| Land Assessment | $745,227 | Total Assessment | $1,714,683 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$745,227
Improvements Assessment
$969,456
Total Assessment
$1,714,683
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David Grant -
Colliers
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8025 S Rainbow Blvd
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