Rainbow Express Shopping Center: Harbor Freight Anchored
- $9,025,000
Rainbow Express Shopping Center: Harbor Freight Anchored
- $9,025,000
Property Highlights
- Rainbow Express is a 100% Leased 42,865 SF Retail Center sitting on 4.28 acres of land, constructed in 1983 and situated in a densely populated West Las Vegas submarket in close proximity to Summerlin.
- Crunch Fitness has executed a lease and is opening in the former Conn’s space directly adjacent to the subject property, further enhancing traffic and tenant synergy at the center.
- Rainbow Express is anchored by a top performing Harbor Freight which represents 42% of the total space | Placer.ai ranks this Harbor Freight in the top 14% Nationwide. The property also features Camp Bow Wow’s top-performing Las Vegas location, part of a network of over 200 locations nationwide.
- Property features below market rents with an average of $1.55 PSF NNN limiting an investors downside risk. | Submarket Rent/SF of $2.95 NNN (costar)
- Rainbow Express features a WALT of 33 Months with a diverse mix of internet resistant Tenants providing an investor long-term security.
- Priced below replacement costs at $210.54 PSF providing an investor with a secure long-term investment.
- The asset features a large monument sign as well as 545 linear feet of frontage along N Rainbow Blvd giving it exposure to over 49,000 VPD.
- Strategic Retail Location | Positioned at the on/off ramp for I-95 and N Rainbow Blvd
- Mature Rooftop Population | 70,940 Households within 3-miles and 231,873 daytime population within 3-miles
- Las Vegas Metro job growth in 2025 will double the previous year’s, as employers add 14,000 new roles.
- In 2024, Las Vegas recorded over 41.6 million visitors, setting a new record – a 10% increase from 2023.
- Nearly 42 million people flocked to Las Vegas last year – of these, less than 15 percent were visiting for the first time, showcasing the strength of the city’s loyal tourism base.
- Nevada is an Income Tax free State | 1 of 9 in the US
Details
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Price $9,025,000
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Year Built 1983
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Property Type Multi-Tenant
Additional Details
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Price/SF $210.54
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Cap Rate 6.95%
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APN 138-34-501-004; 005; 006; 009
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Rentable Area 42,865 SF
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Lot Size 4.28 AC
Address
Open on Google Maps-
Address: 130-240 S Rainbow Blvd
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City: Las Vegas
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State/county: Nevada
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Zip/Postal Code: 89145
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