160 S Rainbow Blvd - Freestanding FOR SALE


Las Vegas, NV 89145- Charleston Preservation
$9,025,000 USD
702-215-7120
160 S Rainbow Blvd, Las Vegas, NV for Sale
$9,025,000 USD
Freestanding - FOR SALE
1/32
null | 6.74% Cap Rate

160 S Rainbow Blvd
Las Vegas, NV 89145
Charleston Preservation


HIGHLIGHTS

  • Rainbow Express is a 100% Leased 42,865 SF Retail Center sitting on 4.28 acres of land, constructed in 1983 and situated in West Las Vegas
  • Anchored by a top performing Harbor Freight which represents 42% of the total space | Placer.ai ranks this Harbor Freight in the top 14% Nationwide.
  • Property features below market rents with an average of $1.55 PSF NNN limiting an investors downside risk. | Submarket Rent/SF of $2.95 NNN (costar)?
  • Priced below replacement costs at $210.54 PSF providing an investor with a secure long-term investment.?
  • The asset features a large monument sign as well as 545 linear feet of frontage along N Rainbow Blvd giving it exposure to over 49,000 VPD.?
  • Nevada is an Income Tax free State | 1 of 9 in the US?

OVERVIEW

This property presents a compelling investment opportunity for an investor seeking strong fundamentals and long-term upside in a high-growth market. Strategically located along South Rainbow Blvd with exceptional frontage—545 linear feet—the site benefits from outstanding visibility to approximately 49,000 vehicles per day. Situated just 0.2 miles from the on/off ramp for I-95 and N Rainbow Blvd, accessibility is excellent, further supported by a robust surrounding demographic profile, including 70,940 households and a daytime population of 231,873 within a 3-mile radius. The average household income in this trade area is $82,222, indicating strong consumer spending potential.?? The center is anchored by a top-performing Harbor Freight, which occupies 42% of the total GLA and ranks in the top 14% nationally per Placer.ai. Nearby national tenants—such as Bank of America, Chevron, Valvoline, Taco Bell, and Carl’s Jr—further enhance the property’s regional draw and retail synergy. Additionally, the asset is located less than a mile from Rainbow Plaza and Sprouts Plaza, two major power centers home to prominent national brands including Sprouts Farmers Market, Albertsons, Home Depot, and Ross Dress for Less.?? With Las Vegas recording a record-breaking 41.6 million visitors in 2024—a 10% increase year-over-year—and projected job growth in 2025 expected to double with the addition of 14,000 new roles, this location is ideally positioned to capture continued economic momentum and consumer demand.

FOR SALE DETAILS

PRICE

$9,025,000 USD

PRICE/SF

$497 USD /SF

CAP RATE

6.74%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rainbow Express | Fully Leased

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Fast Food, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.28 AC

LAND SF

186,437 SF

ZONING

C-1

APN/PARCEL ID

138-34-501-004,138-34-501-005,138-34-501-006,138-34-501-009

ASK ABOUT THIS PROPERTY

Dustin AlvinoMarcus & MillichapMore Info
702-215-7120

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Dustin AlvinoMarcus & MillichapMore Info
702-215-7120

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.