2001 S Rainbow Blvd - Retail FOR SALE


Las Vegas, NV 89146- Canyon Gate
$3,900,000 USD
702-232-3490
2001 S Rainbow Blvd, Las Vegas, NV for Sale
$3,900,000 USD
Retail - FOR SALE
1/32
null | Request Cap Rate

2001 S Rainbow Blvd
Las Vegas, NV 89146
Canyon Gate


OVERVIEW

The 2001 S. Rainbow Blvd Mixed-Use Center offers investors the opportunity to acquire a well-located, multi-tenant retail and office asset in the highly desirable Spring Valley submarket of Las Vegas, Nevada. Positioned along S. Rainbow Boulevard—one of the valley’s primary north-south arterials—the property benefits from strong daily traffic counts, excellent visibility, and direct access to W. Charleston Boulevard, a major east-west corridor. This infill asset is supported by dense surrounding residential neighborhoods, a stable daytime population, and a well-established retail corridor anchored by national and regional tenants. The property’s suite configuration is ideally suited for service-oriented tenants, providing diversified income and resilience through economic cycles. With limited new supply, continued population growth, and strong leasing fundamentals across the Las Vegas Valley, 2001 S. Rainbow Blvd presents a compelling opportunity for investors seeking stable cash flow with long-term appreciation and value-add potential. Investment Highlights • Strategic Infill Location: Situated in the dense Spring Valley submarket with strong demographics and limited developable land • High Visibility & Traffic Exposure: Frontage along S. Rainbow Blvd with traffic counts exceeding ~40,000 VPD • Value-Add Potential: Opportunity to increase rents to market, add CAM reimbursements, enhance curb appeal, and optimize tenant mix. • Short Term Leases – All tenants are short-term and can be negotiated at higher rates or re-tenant. • Rental Rates Below Market – Rates have substantial room to be raised. • Strong Market Fundamentals: Retail vacancy near historic lows (~5%) with continued rent growth • Inflation Hedge: Lease structures with annual escalations and mark-to-market opportunities

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$221 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2001 S Rainbow - Retail Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

69

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

C1, Clark County

APN/PARCEL ID

163-03-704-009

ASK ABOUT THIS PROPERTY

Mark MusserNorthcapMore Info
702-232-3490

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Mark MusserNorthcapMore Info
702-232-3490

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