9375 S Rainbow Blvd 9,528 SF 100% Leased Retail Building Las Vegas, NV 89139 $7,150,000 ($750.42/SF) 6.03% Cap Rate

Adelphi Property Advisors presents Rainbow Diamond Center (the ‘Property’), a newly constructed 9,591 SF multi-tenant retail strip center located at 9375 S. Rainbow Blvd., Las Vegas, NV 89139. The Property is located in the Southwest Submarket of the Las Vegas Valley and is near the busy intersection of Blue Diamond Rd./Rainbow Blvd. (Approx. 83,000 Vehicles Per Day). Rainbow Diamond Center has direct access from the Walmart Supercenter parking lot. Walmart is one of the nation’s leading retailers and a significant daily traffic driver. Over 146,000 residents live within a 3 mile radius of the Property with a median household income of $91,000. The higher incomes in the area will provide additional support to the current tenant mix.
Rainbow Diamond Center is 100% occupied leased to three service oriented and Internet resistant retail tenants. The Property is newly constructed (2025/2026) and will limit any near-term capital improvements. Haven Dental provides dental services and has a lease in place until 2036. Hiive is a boutique fitness facility that offers group training, personal coaching, and open gym access. The lease is long-term and does not expire until February, 2034. Hiive has a strong personal guarantee in place, which will provide additional stability to the income stream. Boutique fitness gyms generate steady morning and evening visitation, increasing daily activity at the Property and benefiting neighboring tenants.