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Off Market
1/10

2550 S Rainbow Blvd
Las Vegas, NV 89146


HIGHLIGHTS

  • Value-add opportunity
  • Below market rents
  • 82% occupancy
  • In Place NOI $740,000
  • Over 100,000 CPD at intersection

OVERVIEW

LOGIC Commercial Real Estate is pleased to present the opportunity to acquire the 100% fee simple ownership in Sahara Rainbow Center. This multi-tenant retail center is located on the hard SEC of Sahara Ave. and Rainbow Blvd., was built in 1988, and is located at one of the busiest intersections in town. The subject property consists of +/- 40,679 SF of GLA situated on +/- 3.06 acres, is zoned C-2, has exceptional visibility, and sees traffic counts in excess of 100,000 CPD. The Sahara Rainbow Center is currently 82% occupied and is being offered at a 8% cap rate on in place income. Additionally, the center recently received a fresh coat of paint, a new LED pylon sign fronting Rainbow Blvd., and a new monument sign fronting Sahara Ave.

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

Sahara Rainbow Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

40679

STORIES

2

YEAR BUILT

1988

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

163-11-112-001