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Opportunity Zone

Rainbow Vista

Owner user Medical/Investment in central Las Vegas!

Listing Contacts

Active

Asking Price: $2,941,000
Address 

1040 S Rainbow Blvd, Las Vegas, NV 89145

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Date Added
May 18, 2023
Days on Market
677 days
Time Since Last Update
40 days

Details

Property TypeRetail
SubtypePharmacy/Drug
Investment TypeStabilized
Investment Sub TypeOwner User or Investment
ClassB
Lease TypeNNN
Tenant CreditFranchisee
TenancyMulti
Number of Tenants1
Lease Term5.3 years
Lease Commencement07/01/2022
Lease Expiration10/31/2027
Remaining Term2.6 years
Square Footage8,000
Net Rentable (sq ft)8,000
Price/Sq Ft$367.62
Cap Rate6.00%
Occupancy33%
Occupancy Date05/18/2023
Units2
Year Built1995
Year Renovated2022
Buildings1
Stories1
ZoningC-1
Rent Bumps3
APN138-34-820-008
OwnershipFee Simple
Sale Condition1031 exchange

Marketing Description

North American Commercial is proud to present the opportunity to acquire 1040 S Rainbow Blvd in Las Vegas, Nevada.​ The building is located in the Rainbow Vista Development fronting Rainbow close to the hard corner of W Charleston Blvd.​

The building is a 2 tenant building with a fully built out medical office and second unit that is occupied by LV Dollar.​ This represents an outstanding opportunity for an owner user medical professional who also wants income from the rental unit next door.​

The pylon sign has excellent visibility and can be seen from a distance.​ Don’t miss this opportunity to occupy a fully built out medical facility.​ The space is also for lease for qualified medical professionals.​

Investment Highlights

• Two tenant retail/Medical office building with Rainbow frontage in the Rainbow Vista development

• Fully Built out 5,409 +/- sf medical office space available as an owner user purchase or available for lease

• Large pylon sign

• Ownership recently signed a lease for LV Dollar Plus commencing on July 1st, 2022 for 5 years.

• Building has ample parking in the front and back

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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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