STABLE CASH FLOW INVESTMENT WITH STRONG UPSIDE POTENTIAL
* Attractive cash flow with balanced rollovers.
* Since November 2019 the assets have consistently remained stabilized with limited downtime between tenants ensuring predictable cash flows.
* Since August 2024 four (4) new leases and two (2) renewals have been completed.
* 100% leased with diversified tenancy from a range of professional and medical users.
* Compelling mark to market to boost yields.
STRONG MARKET LOCATION
* High identity frontage along South Rainbow with 2023 annual average daily traffic count of 51,000.
* South Rainbow Business Park is strategically located: Less than one (1) mile from Spring Valley Hospital Medical Center, a 364-bed hospital | Approximately 3.4 miles from Dignity Health - St. Rose Dominican Hospital, San Martin Campus, a 147-bed hospital | Approximately 3.9 miles from Southern Hills Hospital and Medical Center, a 265-bed hospital.
* Exceptional location is approximately 1 mile from CC-215 access via the Rainbow interchange and is 2.85 miles from the Russell interchange.
STRONG MARKET MOMENTUM
* Premium suburban location in the Southwest submarket, Las Vegas’ fastest growing submarket. The South Rainbow corridor between CC-215 and Russell has experienced significant growth.
* In the last five years, within a two-mile radius of South Rainbow Business Park, retail properties have increased 11.2%, factoring in under construction properties, the increase jumps to 14.1%. Current retail vacancy is 0.6%.