Listing Agency: Newmark - Las Vegas l***@nmrk.com Show Phone

Listed By: Lauren Tabeek, CCIM · License #74477

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 31 at 12:25AM

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Investment Insights

Based on property information with market context.

Delek Plaza is a 15,839-square-foot neighborhood strip center located along S. Rainbow Blvd. The property is positioned across from Spring Valley Hospital and Medical Center, Kindred Health, and Durango High School, placing the center within an established Las Vegas commercial setting.

The property is located at 5597 S. Rainbow Blvd. in Las Vegas, Nevada. Its strip-center format supports a range of retail and service-oriented commercial occupancy, while the nearby medical facilities and high school provide identifiable surrounding uses. The asset is situated in the Southwest Submarket of Las Vegas.

Key Highlights

• 15,839 SF neighborhood strip center
• Located along S. Rainbow Blvd. in Las Vegas, Nevada
• Across from Spring Valley Hospital and Medical Center

Property Analytics

Property Profile

Current Use

Oreck and More Vacuum ... Home Appliance Store Boba Hut Restaurant U&I Chiropractic Alternative Medicine Practice MicroLV Microblading Medical Clinic ATM Atm

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store Electrical Service Garden Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,341

Businesses Nearby

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

7.7% 2019

8.3% 2020

7.2% 2021

6.1% 2022

6% 2023

5.2% 2024

5.7% 2025

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Frequently Asked Questions

What type of property is this?

Strip mall - Located across from major medical and educational institutions on S. Rainbow Blvd.

Where is this strip mall located?

The property is located at 5597 S Rainbow Blvd. Las Vegas, NV.

What are key features of this property?

This property features: 15,839 SF neighborhood strip center; Located along S. Rainbow Blvd. in Las Vegas, Nevada; Across from Spring Valley Hospital and Medical Center