10435-10485 Rainbow Blvd Las Vegas, NV 89178

Property Details for 10435-10485 Rainbow Blvd

Year built

2023

Lot size

0.65 lot acres

Property size

8,299 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 8,299 square foot, single-story retail shopping center in Las Vegas, Nevada, presents a compelling investment opportunity. Built in 2023, the property boasts seven units currently operating at 100% occupancy with a diverse tenant mix including grocery, barbershop, personal training, and dental services—creating a resilient portfolio. The Net Operating Income (NOI) stands at $289,863, yielding a 6.25% cap rate. Located on a 0.65-acre lot at the signalized intersection of W. Cactus Ave. and S. Rainbow Blvd., this center benefits from exceptional visibility and high traffic counts exceeding 36,800 vehicles per day. Its strategic location provides easy access to the I-15 Freeway (approximately 126,000 VPD) and the CC 215 Beltway (approximately 201,000 VPD). The property is situated within the thriving Mountain's Edge master-planned community, surrounded by affluent residential neighborhoods like Southern Highlands, serving a dense population of approximately 248,355 residents with an average household income exceeding $121,063 within a 5-mile radius. The property is zoned Commercial General (CG) and features a weighted average lease term (WALT) of 7.67 years, providing long-term stability and predictable income. Nearby amenities include the Southpoint Hotel & Casino, M Resort, and future developments such as a new HCA hospital and a Station Casinos hotel/resort/casino. The asking price is $4,637,000. APN: 176-27-823-005, 176-27-823-010.

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Longitude

-115.244

Latitude

35.9997