821 N Nellis Blvd
Las Vegas, NV 89110
Rainbow Medical Center · Office Property For Sale

HealthCare Partners of Nevada recently exercised one of its five year options and currently has over four (4) years remaining on its net lease with one (1), five-year (5) option remaining, with three percent (3%) annual rental increases. This unit recently underwent a $75,000 capital improvement upgrade. The tenant operates an additional 58 locations across Southern Nevada providing both primary and specialty care to their patients. This location is the primary site that serves the entire East Valley & Sunrise Manor district. Healthcare Partners has occupied the space since acquiring the previous operator back in 2010. Select Physical Therapy also recently renewed their lease with about three (3) years remaining on its net lease with three (3), three-year (3) options to extend the term and three percent (3%) annual rental increases. Select Physical Therapy have operated at this location for more than 14 years. The tenant is a part of the Select Medical Family of brands that carries a wide recognition throughout the country. Select Medical is one of the largest operators of specialty hospitals and outpatient rehabilitations clinics. Marcus & Millichap is pleased to present the rare opportunity to acquire a medical office building with two; Billion dollar corporations. This investment represents the opportunity to acquire a highly desirable office building just off the intersection of Nellis Boulevard and Harris Avenue occupied by two major medical tenants on triple-net leases: HealthCare Partners of Nevada (DaVita Healthcare Partners, Inc.), and Select Physical Therapy (Select Medical Group). The property has frontage on Nellis Boulevard and is exposed to more than 38,000 vehicles per day and features a large pylon signage off of Nellis Boulevard. The property also features 12 covered parking spaces that are reserved for Primary Care Physicians and Medical Specialists. Surrounding the property are multiple national tenants including: Bank of America, Wells Fargo, Wendy' s, Arby' s, and many more. Within a three-mile radius of the subject property are more than 212,000 residents with an annual average household income of $54,000.