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    5890 N Rainbow Blvd Las Vegas, NV 89118

    For Sale
    $2,991,000

    Automotive retail property with a long-term NNN lease.

    Property size:
    3,327 SF
    Lot size:
    2.12 Acres

    Property Features for 5890 N Rainbow Blvd

    General Information

    Size
    3,327 SF
    Lot size
    2.12 Acres

    Source: CP Partners Agent Ryan Schulten

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Leased Automotive Retail Property

    This automotive retail property is operating under a 15-year absolute NNN lease with 3% annual rental increases, ensuring no landlord expense or maintenance obligations. The lease is secured by the tenant’s parent company, Auto Management, Inc., and includes a personal guaranty from the company’s founder. The property operates as a “Multi-Care” concept store, specializing in a range of services including brakes, tires, and batteries, which supports a higher sales volume per customer. Located at W Oquendo Road & S Rainbow Road, the property is part of a 5-property development exposed to traffic counts exceeding 50,000 vehicles per day. The surrounding area is a dense residential market with 361,516 residents within a 5-mile radius. The market is affluent, with average household incomes of $119,929 within a 1-mile radius. The property is approximately 6 miles from the Las Vegas Strip, which attracts over 40 million annual visitors. The property size is 3,327 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Automotive properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Tool & Truck Rental Center at The Home Depot

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.241808
    Latitude
    36.080382

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    FAQs

    What type of property is this?
    Automotive property - Automotive retail property with a long-term NNN lease.
    Where is this automotive property located?
    The property is located at 5890 N Rainbow Blvd Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $2,991,000.
    What are key features of this property?
    This property features: - 15-year absolute NNN lease with 3% annual rental increases, offering zero landlord expense or maintenance obligations.; - Lease is signed by tenant’s parent company, Auto Management, Inc., and features a personal guaranty from the company’s founder.; - Located in a dense residential area with 361,516 residents within a 5-mile radius.
    (562) 230-5606
    Request Owner's contact information
    5890 N Rainbow Blvd Las Vegas, NV 89118
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    Las Vegas, NV 89118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5890 N Rainbow Blvd Las Vegas, NV 89118
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