240 S Rainbow Blvd - Freestanding FOR SALE
Las Vegas, NV 89145 |
240 S Rainbow Blvd
Las Vegas, NV 89145
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
- Crunch Fitness has executed a lease and is opening in the former Conn’s space directly adjacent to the subject property, further enhancing traffic.
- Rainbow Express is anchored by a top-performing Harbor Freight Tools, occupying 42 percent of the project’s gross leasable area.
- The property also features Camp Bow Wow’s top-performing Las Vegas location, part of a network of over 200 locations nationwide.
- Property features below market rents with an average of $1.55 PSF NNN limiting an investors downside risk.
- Nevada is an Income Tax free State | 1 of 9 in the US
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Rainbow Express Center | 43k SF Fully Leased
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Fast Food, Supermarket
TOTAL BUILDING SIZE
42865
STORIES
1
YEAR BUILT
1983
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
138-34-501-004,138-34-501-005,138-34-501-006,138-34-501-009
