Cactus Shops - Retail C 10415 S Rainbow Blvd 7,926 SF 100% Leased Retail Building Las Vegas, NV 89178 $4,207,000 ($530.78/SF) 6.58% Cap Rate

Colliers is pleased to exclusively offer for sale a new construction two-tenant retail building located in Las Vegas, NV. This stabilized property consists of ±7,926 SF and is NNN leased to a doggie daycare, boarding, and grooming facility and a liquor store.
The asset is well positioned within the high growth Southwest trade area of Las Vegas, Nevada, at the signalized intersection of W. Cactus Ave. and S. Rainbow Blvd., with traffic counts in excess of ±41,700 VPD. Cactus Shops benefits from its proximity to both the I-15 Freeway (±156,000 VPD) and CC 215 Beltway (±211,000 VPD) and is in proximity to major planned developments including a future Station Casino’s hotel/resort/casino (±126 AC) and a future HCA Hospital (±57 AC) at Cactus Ave. and Las Vegas Blvd. National co-tenants within in the center include Chevron, Meineke, and Don Tortaco.
The asset services a dense and mature trade area consisting of ±247,840 residents with an average annual household income of ±$137,121 within a 5-mile radius. The property is located within the Mountain’s Edge master planned community (±12,500 homes on ±3,500 AC) and is surrounded by affluent residential neighborhoods, including Southern Highlands.