6580 S. Rainbow Blvd., Las Vegas, NV 89118

— Recently Sold —

List Price$5.9MM

SIZE: +/- 9,760 SF

CAP RATE: 6.05%

Property Information

LOGIC Commercial Real Estate is pleased to exclusively offer for sale Rainbow Commons, a new construction 100% leased multi-tenant retail center located in Las Vegas, NV. The property consists of one building totaling +/- 9,760 SF situated at the signalized intersection of S. Rainbow Blvd. and W. Sunset Rd. with combined traffic counts in excess of +/- 70,000 CPD. Additionally, the asset is located immediately north of the CC 215 Beltway with +/- 193,000 CPD, providing regional access while servicing a desirable Southwest trade area consisting of +/- 339,225 residents with an average household income of +/- $82,484 within a 5-mile radius.

Built in 2020, the asset is 100% NNN leased to Potbelly Sandwich Shop, Menchie’s, Dragon Tiger Noodle, Greek Chicken, and Floyd’s 99 Barbershop. The property benefits from an 80 foot pylon sign along the freeway as well as co-tenancy with 7-Eleven, In-N-Out Burger and a +/- 25,396 SF medical office building. Nearby retailers and points of interest include Walmart, Sam’s Club, Best Buy, Home Depot, Michaels, ULTA Beauty, the Greater Las Vegas Association of Realtors, Boyd Gaming corporate offices and the 15-acre UFC Performance Institute.

Investment Highlights

TROPHY LOCATION | NEW CONSTRUCTION

  • S. Rainbow Blvd. & W. Sunset Rd.: +/- 70K cars per day.
  • CC 215 Beltway: +/- 193K cars per day.
  • Class A building built in 2020 with 100% occupancy in August 2020.

BEST-IN-CLASS VISIBILITY

  • Control of the Rainbow Commons 80’ billboard sign featuring the property’s tenancy.

STRONG BLUE CHIP OPERATORS | LONG TERM LEASES

  • All tenants (Potbelly Sandwich Shop, Menchie’s, Dragon Tiger Noodle, Greek Chicken, and Floyd’s 99 Barbershop) have successfully operated 10 or more retail or restaurant stores. All tenants have personal or corporate guarantees with strong financials.

HIGH QUALITY TRADE AREA | HIGH DAYTIME EMPLOYMENT

  • The asset services +/- 349,573 residents with an average household income of +/- $83,731 and a daytime population of +/- 389,401 residents within a 5-mile radius.

BLUE CHIP ADJACENCIES

  • In-N-Out Burger, 7-Eleven and +/- 26K of Medical Office are in Rainbow Commons.
  • Located within 1-mile is Walmart and Home Depot (Arroyo Market Square) as well as UFC Performance Institute Campus, Boyd Gaming Headquarters and Car Dealerships, such as Porsche and Land Rover.

NO STATE INCOME TAX

  • Nevada, as a state has no income tax. Consult your accountant for more details.

Contact

Shareholder

Adam Malan

Partner
Las Vegas
License S.0063542.LLC
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O 702.954.4105
C 702.449.1180
More Info
Brokerage

Deana Marcello

Executive Vice President
Las Vegas
License S.0174174
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O 702.954.4104
C 702.375.1022
More Info