702-355-0883
5050 W Russell Rd, Las Vegas, NV for Rent

$30.00 USD /SF/yr

Retail - For Rent
1/9
3,000-8,800 SF | 1 Space

5050 W Russell Rd
Las Vegas, NV 89118
Spring Valley


HIGHLIGHTS

  • Available Pad sizes of approximately 3,000, 4,800, and 8,000 square feet
  • Located within the planned Otonomus Hotel and mixed-use development
  • Approximately 1,100 planned hotel and residential beds
  • Strong built-in customer base from hotel guests, residents, employees, and visitors
  • Minutes from the Las Vegas Strip, Allegiant Stadium, and Harry Reid International Airport
  • Suitable for restaurant, coffee, retail, medical, fitness, financial, and service uses

OVERVIEW

Three Ground Lease Pads Available at Otonomus Las Vegas A rare opportunity to ground lease one of three commercial pads located within the planned Otonomus Hotel and mixed-use development near Russell Road and Decatur Boulevard in Las Vegas. The available pads are approximately 3,000 square feet, 4,800 square feet, and 8,000 square feet, offering flexibility for a variety of restaurant, retail, service, and neighborhood commercial uses. Otonomus Las Vegas is planned as a technology-driven hospitality and residential destination featuring approximately 1,100 beds and nearly 40,000 square feet of additional food, beverage, and retail space. The development is designed to create a built-in customer base consisting of hotel guests, residents, employees, visitors, and customers from the surrounding community. The property is conveniently located near the Las Vegas Strip, Harry Reid International Airport, Allegiant Stadium, major employment centers, and established residential neighborhoods. The location provides strong visibility, accessibility, and proximity to some of the most active hospitality and entertainment corridors in Las Vegas. Potential uses may include quick-service or full-service restaurants, coffee concepts, convenience retail, fitness and wellness, medical services, financial services, automotive-related services, or other complementary commercial uses, subject to ownership approval, applicable zoning, and use restrictions. **Ground Lease Terms:** * Base Rent: $30.00 per square foot per year, NNN * Estimated CAM: $10.80 per square foot per year * Lease Term: Five to ten years with options. Negotiable. * Pad Sizes: Approximately 3,000, 4,800, and 8,000 square feet Final lease terms, pad configuration, permitted uses, delivery condition, tenant improvement responsibilities, and development requirements are subject to negotiation. Tenants may lease an individual pad or explore combining available spaces, depending on use, availability, and compatibility with the overall development. Contact the listing broker for site plans, development details, permitted-use discussions, and ground lease information.

RENTAL DETAILS

SPACE AVAILABLE

3,000-8,800 SF

# OF SPACES

1

RENT/MONTH

$7,500+ USD /mo

RENT RATE (MO)

$2.50 USD /SF/mo

RENT RATE (YR)

$30.00 USD /SF/yr

LEASE TYPE

TBD

LEASE LENGTH

Negotiable

STATUS

Proposed

AVAILABLE

Now

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

8,800 SF

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

ASK ABOUT THIS PROPERTY

Jude NassarClearwater Real Estate Investment ServicesMore Info
702-355-0883

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Jude NassarClearwater Real Estate Investment ServicesMore Info
702-355-0883

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