7965 S Rainbow Blvd
Las Vegas, NV 89139
**PRICE REDUCTION** Santoli Center · Retail Property For Sale

Sahil Kurji is serving as the primary site contact for the seller, is pleased to present the opportunity to acquire the fee simple interest in Santoli Retail Center, a 22,400 square foot 100% leased NNN multi-tenant neighborhood retail center situated on 1.76 acres, consisting of strong diverse mix of tenants located in the Southwest submarket of Las Vegas, Nevada. The Property is strategically located within the strong retail corridor of South Rainbow Boulevard North of W. Windmill Lane and South of W. Warm Springs Road. Santoli Center is located directly across one of the highest grossing (in volume) Smith's Food & Drug grocery stores in the southern Nevada market. The Smith's Food & Drug center has over 115,000 square feet of gross leasable area. South Rainbow Blvd serves as one of the major north and south arterial corridors in Las Vegas and that sees over 30,000 vehicles per day. Additionally, the property is located within walking distances from high density single family residential neighborhoods, Las Vegas Metropolitan Police Department, Southwest Career and Technical Academy, Windmill Public Library and much more. Santoli Retail Center's trade area includes an estimated population of 250,262 people with an average household income of $76,231 within a 5-mile radius of the Property. There are an estimated 99,207 households in the area consisting of a high concentration of well-established single family and multi-family residencies in Southwest submarket, making it one of the most desirable in the City. Santoli Retail Center presents an excellent opportunity to acquire a 100% multi-tenant neighborhood center recently built with full frontage on South Rainbow Boulevard. All leases have annual lease escalation clause. New ownership will benefit from a diversified cash flow through in-place tenancy while capturing upside on the value with the current lease rates being 20% below market. This Property will serve as a low maintenance, income producing asset which will continue to see increase in demand for neighborhood commercial in the area.