5840 South Rainbow Blvd Las Vegas, NV 89118

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.