2001 S Rainbow Blvd 17,631 SF 100% Leased Office Building Las Vegas, NV 89146 $3,900,000 ($221.20/SF)

The 2001 S. Rainbow Blvd Mixed-Use Center offers investors the opportunity to acquire a well-located, multi-tenant retail and office asset in the highly desirable Spring Valley submarket of Las Vegas, Nevada. Positioned along S. Rainbow Boulevard—one of the valley’s primary north-south arterials—the property benefits from strong daily traffic counts, excellent visibility, and direct access to W. Charleston Boulevard, a major east-west corridor.
This infill asset is supported by dense surrounding residential neighborhoods, a stable daytime population, and a well-established retail corridor anchored by national and regional tenants. The property’s suite configuration is ideally suited for service-oriented tenants, providing diversified income and resilience through economic cycles.
With limited new supply, continued population growth, and strong leasing fundamentals across the Las Vegas Valley, 2001 S. Rainbow Blvd presents a compelling opportunity for investors seeking stable cash flow with long-term appreciation and value-add potential.
Investment Highlights
• Strategic Infill Location: Situated in the dense Spring Valley submarket with strong demographics and limited developable land
• High Visibility & Traffic Exposure: Frontage along S. Rainbow Blvd with traffic counts exceeding ~40,000 VPD
• Value-Add Potential: Opportunity to increase rents to market, add CAM reimbursements, enhance curb appeal, and optimize tenant mix.
• Short Term Leases – All tenants are short-term and can be negotiated at higher rates or re-tenant.
• Rental Rates Below Market – Rates have substantial room to be raised.
• Strong Market Fundamentals: Retail vacancy near historic lows (~5%) with continued rent growth
• Inflation Hedge: Lease structures with annual escalations and mark-to-market opportunities