For Sale
$8,000,000

8095 Rainbow BlvdLas Vegas, NV 89139

High-Yield Gas, Car Wash, & More

Overview

Added:
Dec 11, 2024
Days on market:
108

Highlights

  • 1.71-acre retail investment property in Las Vegas, NV, featuring a gas station, full-service and express car washes, and a Valvoline oil change facility.
  • NNN leased to Valvoline and Choice Gas with 8.6 years remaining on a 10-year lease (June 30, 2023 - June 30, 2033), plus two 5-year renewal options.
  • Property boasts a 9.16% cap rate and a strong NOI of $733,053, with an asking price of $8,000,000.
  • Located in a high-growth area of Southwest Las Vegas with projected population and household growth of 16.26% and 16.03%, respectively, from 2022-2027.
  • Excellent visibility with 270 feet of frontage on Rainbow Blvd and 280 feet on Windmill Ln.
  • Strong market conditions in the Southwest submarket, with rent growth of 9.8% and 6.8% YoY in 2022 and 2023, respectively.

Property Details for 8095 Rainbow Blvd

Property type
Retail properties, Grocery and convenience stores
Year Built
2009
Buildings
4

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.0402159
Longitude
-115.2244853
8095 Rainbow Blvd, Las Vegas, Nevada
Leaflet | © OpenStreetMap contributors

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8095 Rainbow Blvd
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