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5840 South Rainbow Blvd Las Vegas, NV 89118

For Sale
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100% occupied strip center with long-term leases and rental increases.

Lot size:
1.56 Acres

Property Features for 5840 South Rainbow Blvd

General Information

Lot size
1.56 Acres

Building Details

Year built
2025

Source: Ryan Schulten Agent Ryan Schulten

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


Overview

Occupied Strip Center, Long-Term Leases

This is a 100% occupied inline strip building featuring long-term leases with 3% annual rental increases. The property is part of a 5-parcel retail development that includes Starbucks, USA Auto, Conoco Phillips, and a future dermatology office. The inline strip center was 100% pre-leased during construction, with multiple tenants unable to secure space previously. The property is part of a 5-property retail development located at S Rainbow Blvd & W Oquendo Rd, exposed to traffic counts exceeding 50,000 vehicles per day. The owner of this inline strip parcel is the declarant for the entire development. One of the tenants is investing $500,000 in a 790 square foot expansion. The property is anchored by a US Military tenant, with expanding users that have existing locations or significant experience operating in Las Vegas, including medical, restaurant, and other services. Over 50% of the tenants have signed 10-year leases, demonstrating long-term dedication to the center. Seven of the eight tenants have 3% annual rental increases. The retail submarket vacancy in this quadrant of Las Vegas is less than 2%. The property is new construction, slated for completion in 2025.
Location Intelligence

Current Use by Public Records

Strip malls

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Las Vegas
County
Clark
State
Nevada
Longitude
-115.24127
Latitude
36.266174

FAQs

What type of property is this?
Strip mall - 100% occupied strip center with long-term leases and rental increases.
Where is this strip mall located?
The property is located at 5840 South Rainbow Blvd Las Vegas, NV.
What are key features of this property?
This property features: - 100% Occupied with Long-Term Leases and 3% Annual Rental Increases; - Brand-New 2025 Construction; - Part of a High-Traffic Retail Development (50,000+ VPD) with National Retailers
More about this property
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