8025 Rainbow Blvd Las Vegas, NV 89139-6495

The Shops on Rainbow, a Class A, multi-tenant retail shopping center in Las Vegas, Nevada, presents a compelling investment opportunity. This stabilized, 6,148 square foot property boasts a 5.15% cap rate and a strong net operating income (NOI) of $247,253. Built in 2018, the property consists of two single-story buildings on a 0.92-acre lot, situated at a high-visibility, signalized intersection on South Rainbow Boulevard and West Santoli Avenue. The property is currently 100% occupied by three tenants, including Bank of America. The lease type is NNN, providing a predictable income stream. The property benefits from excellent parking and accessibility, and is zoned Clark County Commercial General (CG). Its prime location offers easy access to major thoroughfares and is surrounded by a dense population with high average household incomes. The surrounding area includes numerous national retailers and amenities, further enhancing the property's value and potential for future growth. The property's strong tenant mix, high occupancy rate, and favorable location make it an attractive investment for discerning buyers. The Assessor Parcel Number (APN) is 176-10-816-003. The asking price is $4,800,000, translating to a price per square foot of $780.74.