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Shopping Strip

Rainbow Express Shopping Center: Harbor Freight Anchored

130 S Rainbow Blvd, Las Vegas, NV 89145

Listing Price: $9,025,000

Cap Rate
6.75%
Gross SF
42,865
Rentable SF
42,865
Price/Gross SF
$210.54
Lot Size
4.28 acres
Year Built
1983

Investment Overview

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)

Investment 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
  • 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.
  • Harbor Freight recently renewed for 5-years and has occupied the space since 2013.

Exclusively Listed By

Shopping Strip

Rainbow Express Shopping Center: Harbor Freight Anchored

Listing Price: $9,025,000

Cap Rate
6.75%
Gross SF
42,865
Rentable SF
42,865
Price/Gross SF
$210.54
Lot Size
4.28 acres
Year Built
1983

Investment 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
  • 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.
  • Harbor Freight recently renewed for 5-years and has occupied the space since 2013.

Investment Overview

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)

Exclusively Listed By

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