Retail Center on Ground
For Sale
Contact for pricing
7240 S Rainbow Blvd., Las Vegas, NV 89118
New construction retail center with major national anchors and a long-term ground lease expiring in 2066.
Property Size12,520 SF
Days on Market123
Property Features for 7240 S Rainbow Blvd.
General Information
Standard status
Active
Size
12,520 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Northmarq
(503) 952-0700
Listed By:
Scott Frank · License #WA 4472
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 12:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq
Investment Insights
Based on property information with market context.
Rainsprings Plaza is a 12,520 SF new construction retail center anchored by major national tenants and featuring an expanding Jinya Ramen Bar. The property is held as a leasehold interest on a long-term ground lease expiring in January 2066.
According to the remarks, the center has no lease exposure until 2027, and tenants have scheduled rent growth. The property is located along Rainbow Boulevard and benefits from high daily traffic counts and a dense population with more than 300,000 residents within a 5-mile radius. It is also described as being close to Arroyo Market Square, anchored by Walmart, Sam’s Club, and Home Depot.
According to the remarks, the center has no lease exposure until 2027, and tenants have scheduled rent growth. The property is located along Rainbow Boulevard and benefits from high daily traffic counts and a dense population with more than 300,000 residents within a 5-mile radius. It is also described as being close to Arroyo Market Square, anchored by Walmart, Sam’s Club, and Home Depot.
Key Highlights
- 12,520 SF new construction retail center with major national tenant anchors and an expanding Jinya Ramen Bar
- No lease exposure until 2027, with all tenants having scheduled rent growth
- Leasehold interest on a long‑term ground lease expiring January 2066
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89118, NV
22,588
Population
10,345
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
10.6 sq mi
ZIP Area
2,131
Density / Sq Mi
$67,384
Median Household Income
$36,629
Median Earnings
$1,501
Median Rent
$391,800
Median Home Value
Market
Vacancy Rate% for Retail in Las Vegas, NV
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Frequently Asked Questions
What type of property is this?
Shopping center - New construction retail center with major national anchors and a long-term ground lease expiring in 2066.
Where is this shopping center located?
The property is located at 7240 S Rainbow Blvd. Las Vegas, NV.
What are key features of this property?
This property features: 12,520 SF new construction retail center with major national tenant anchors and an expanding Jinya Ramen Bar; No lease exposure until 2027, with all tenants having scheduled rent growth; Leasehold interest on a long‑term ground lease expiring January 2066
