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ROQ Plaza 5840 S Rainbow Blvd 14,044 SF 100% Leased Retail Building Las Vegas, NV 89118 $10,895,000 ($775.78/SF) 6.25% Cap Rate
Investment Highlights
- 100% occupied inline strip center with long-term leases featuring 3% annual rental increases
- 100% pre-leased during construction with multiple tenants that were unable to get space here
- Owner of this inline strip parcel is the declarant for the entire development
- Brand-new 2025 construction
- Part of a 5-property retail development located at S Rainbow Blvd & W Oquendo Rd exposed to significant traffic counts – 50,000+ VPD
- US Military anchored with expanding users that have existing locations or significant experience operating in Vegas
Executive Summary
100% occupied inline strip building with long-term leases featuring 3% annual rental increases. The subject property is part of a 5-parcel retail development which includes Starbucks, USA Auto, Conoco Phillips, and a future dermatology office.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,044 SF
Building Class
C
Year Built
2025
Price
$10,895,000
Price Per SF
$775.78
Cap Rate
6.25%
NOI
$680,962
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.56 AC
Zoning
C1, County - Commercial Development
Frontage
600’ on South Rainbow Boulevard
Nearby Major Retailers
1 of 4
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ROQ Plaza | 5840 S Rainbow Blvd
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