5890 N Rainbow Blvd Las Vegas, NV 89118
Automotive retail property with a long-term NNN lease.
Property size:
3,327 SFLot size:
2.12 AcresProperty Features for 5890 N Rainbow Blvd
General Information
- Size
- 3,327 SF
- Lot size
- 2.12 Acres
Source:
Moodyscre
Listing 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.
Location Intelligence
Current Use by Public Records
Automotive properties
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
Nearby Similar for Sale
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.