8095 Rainbow Blvd Las Vegas, NV 89139

Property Details for 8095 Rainbow Blvd

Year built

2009

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional retail investment property in Las Vegas, NV, offers a diverse portfolio of businesses including a gas station, full-service and express car washes, and a corporate Valvoline oil change facility. Located on 1.71 acres at 8095 S Rainbow Blvd, this fee-simple property boasts 270 feet of frontage on Rainbow Blvd and 280 feet on Windmill Ln, ensuring excellent visibility. The property features four buildings totaling 23,000 square feet, built in 2009 and zoned C-1. Currently operating under an absolute NNN lease with Valvoline and Choice Gas, the 10-year lease (commencing June 30, 2023, and expiring June 30, 2033) offers a remaining term of 8.6 years with two 5-year renewal options. The property enjoys 100% occupancy, generating a strong NOI of $733,053 and a 9.16% cap rate. The asking price is $8,000,000. Situated in a high-growth area of Southwest Las Vegas, the property benefits from exceptional demographics, with projected population and household growth of 16.26% and 16.03% respectively from 2022-2027. Nearby national brands include Smith's, Jack in the Box, O'Reilly Auto Parts, Dairy Queen, and Walgreens. The property's strategic location in a dense retail corridor, along with its diverse offerings, ensures continued strong performance. The property also benefits from Nevada's favorable business tax climate, including no corporate tax, personal income tax, inventory tax, franchise tax, or special intangible tax. This is a prime opportunity for investors seeking a high-yield, diversified retail investment in a rapidly growing market.

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Longitude

-115.224

Latitude

36.0402