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Restaurant with a Drive-Thru 9435 S Rainbow Blvd 7,334 SF 100% Leased Retail Building Las Vegas, NV 89139 $5,673,896 ($773.64/SF) 6% Cap Rate
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Stable rental income from a strong tenant mix with multi-year triple net leases with renewal options at increased rates.
- Unique modern design with modern architectural detail, large glass storefronts, modern efficiency, and large glass storefronts.
- Excellent retail location in a high-traffic area serving southwest Las Vegas, minutes from the strip, with ample parking.
- Perfect 1031 exchange property with ease of management and proud ownership at a prime location, offering high foot traffic.
EXECUTIVE SUMMARY
Discover a rare opportunity to own a fully leased, highly visible, multi-tenant retail property at 9435 S Rainbow Boulevard in Las Vegas, Nevada. This modern 7,334-square-foot building is 100% occupied by two strong, nationally recognized tenants: Broken Yolk Café, with a lease in place until 2033, and The Greek Gyro, with a lease in place until 2035. Providing long-term stability and an instant, reliable income stream. Both tenants operate under triple net (NNN) leases, ensuring minimal landlord responsibilities and consistent cash flow.
9435 S Rainbow Boulevard is strategically located just fifteen minutes from the Las Vegas Strip. This property is situated in a high-traffic retail corridor, anchored by Walmart, and offers excellent street frontage, ample parking, and superior visibility. The building boasts contemporary architecture, expansive glass storefronts, and enhanced tenant improvements, making it an attractive destination for both customers and businesses.
This investment benefits from the explosive growth of Southwest Las Vegas near the master-planned community of Mountain’s Edge, which spans 3,500 acres and continues to drive residential and commercial development. The surrounding area boasts a population of over 505,000 residents, generating more than $6.3 billion in annual consumer spending. With easy access to Interstate 15, Interstate 95, and the 215 Beltway, this location offers unmatched connectivity and convenience.
9435 S Rainbow Boulevard's prime location, strong tenant mix, and modern design make it an ideal choice for investors seeking a quality NNN-leased retail asset in one of Las Vegas’ fastest-growing areas. This is a perfect 1031 exchange property offering ease of management, pride of ownership, and long-term income stability. Don’t miss a chance to secure a property that combines modern design, prime location, and steady rental income in a thriving market.
9435 S Rainbow Boulevard is strategically located just fifteen minutes from the Las Vegas Strip. This property is situated in a high-traffic retail corridor, anchored by Walmart, and offers excellent street frontage, ample parking, and superior visibility. The building boasts contemporary architecture, expansive glass storefronts, and enhanced tenant improvements, making it an attractive destination for both customers and businesses.
This investment benefits from the explosive growth of Southwest Las Vegas near the master-planned community of Mountain’s Edge, which spans 3,500 acres and continues to drive residential and commercial development. The surrounding area boasts a population of over 505,000 residents, generating more than $6.3 billion in annual consumer spending. With easy access to Interstate 15, Interstate 95, and the 215 Beltway, this location offers unmatched connectivity and convenience.
9435 S Rainbow Boulevard's prime location, strong tenant mix, and modern design make it an ideal choice for investors seeking a quality NNN-leased retail asset in one of Las Vegas’ fastest-growing areas. This is a perfect 1031 exchange property offering ease of management, pride of ownership, and long-term income stability. Don’t miss a chance to secure a property that combines modern design, prime location, and steady rental income in a thriving market.
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SALE FLYER
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,334 SF
Building Class
B
Year Built
2023
Price
$5,673,896
Price Per SF
$773.64
Cap Rate
6%
NOI
$340,434
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.38 AC
Zoning
C-1 - 2,2
ABOUT SOUTHWEST LAS VEGAS
Southwest Las Vegas’ population grew rapidly this cycle, and the area has been at the heart of Las Vegas’ recent apartment construction boom. The majority of new apartments are high-end luxury units, drawing upper-income residents to the area. Shopping centers and other retail properties congregate near the Interstate 215 beltway and other major access routes.
Retail shops and restaurants in areas like Spring Valley also draw demand from the numerous office employers in the area, including major tenants like Credit One bank. The local population is well-educated and median household incomes in the area are generally above average for the Las Vegas region. The area is also home to Allegiant Stadium, the new venue for the Las Vegas Raiders, and restaurants and shops will likely see increased traffic on event days.
Moderate new supply, healthy population growth, and above-average incomes for the region are supporting investor interest in Southwest Las Vegas. Pricing tends to be above Las Vegas’ average, and cap rates are slightly below the overall area’s average.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
5,609
145,187
261,509
505,058
2029 Population
6,214
157,845
284,654
536,266
2024-2029 Projected Population Growth
10.8%
8.7%
8.9%
6.2%
Median Age
37.6
37.2
37.7
39.5
College Degree + Higher
32%
28%
29%
22%
Daytime Employees
989
16,761
85,241
285,873
Total Businesses
118
1,992
8,903
26,422
Average Household Income
$120,918
$112,897
$108,320
$108,877
Median Household Income
$97,957
$91,962
$86,774
$84,746
Total Consumer Spending
$75.9M
$1.9B
$3.4B
$6.3B
2024 Households
1,924
49,303
94,787
191,943
Average Home Value
$558,282
$488,168
$493,324
$542,429
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Napoli's | American | - | 2 min walk |
| Subway | - | - | 7 min walk |
| Naked City Pizza Express | Pizza | $ | 6 min walk |
| McDonald's | - | - | 7 min walk |
RETAIL |
||
|---|---|---|
| Dollar Tree | Dollar/Variety/Thrift | 2 min walk |
| Walmart | Dept Store | 7 min walk |
| Tractor Supply Company | Home Improvement | 11 min walk |
| The Goddard School | Daycare | 15 min walk |
HOTELS |
|
|---|---|
| Hyatt Place |
150 rooms
9 min drive
|
| Hilton Grand Vacations |
440 rooms
9 min drive
|
| Hampton by Hilton |
205 rooms
10 min drive
|
| element |
118 rooms
13 min drive
|
| Four Seasons |
424 rooms
15 min drive
|
| W Hotel |
1,117 rooms
14 min drive
|
| Trademark Collection by Wyndham |
3,796 rooms
16 min drive
|
| Tribute Portfolio |
2,605 rooms
16 min drive
|
SALE ADVISOR
SALE ADVISOR
Andrea Santanna, Sr. Vice President - Leasing - S.65052
Andrea Santanna is known as one of the most active and high profile real estate brokers in the retail sector for Southern Nevada.
Since joining Dapper Companies in 2006, Andrea has represented the company in identifying, marketing and executing retail leasing strategies that drive asset value and enhance the short-term and long-term value of clients’ real estate investments.
As a celebrated expert in the industry for her ability to identify and forecast trends in retail, she has developed an impeccable track record of leasing to first-time business owners, national brands and everything in between.
With Dapper Companies, Andrea handles all acquisitions and dispositions of the properties, in addition to handling tenants interested in leasing space in current and upcoming developments. Working with attorneys on lease, purchase and sales agreements, she is highly experienced in dealing with complex negotiations resulting in closing the deal. Andrea leads all marketing efforts for the properties, whether for lease or sale.
Andrea’s knowledge of the Southern Nevada market, in addition to her mission of creating lasting relationships with her clients, has catapulted her to top broker status in the market.
Andrea was previously a member of the commercial leasing team at NAI Horizon, assisting in the research of raw land, in addition to the leasing and sales of existing office buildings.
Andrea is a member of the International Council of Shopping Centers (ICSC). She is proud to have been born and raised in fabulous Las Vegas, where she has resided throughout her life.
Since joining Dapper Companies in 2006, Andrea has represented the company in identifying, marketing and executing retail leasing strategies that drive asset value and enhance the short-term and long-term value of clients’ real estate investments.
As a celebrated expert in the industry for her ability to identify and forecast trends in retail, she has developed an impeccable track record of leasing to first-time business owners, national brands and everything in between.
With Dapper Companies, Andrea handles all acquisitions and dispositions of the properties, in addition to handling tenants interested in leasing space in current and upcoming developments. Working with attorneys on lease, purchase and sales agreements, she is highly experienced in dealing with complex negotiations resulting in closing the deal. Andrea leads all marketing efforts for the properties, whether for lease or sale.
Andrea’s knowledge of the Southern Nevada market, in addition to her mission of creating lasting relationships with her clients, has catapulted her to top broker status in the market.
Andrea was previously a member of the commercial leasing team at NAI Horizon, assisting in the research of raw land, in addition to the leasing and sales of existing office buildings.
Andrea is a member of the International Council of Shopping Centers (ICSC). She is proud to have been born and raised in fabulous Las Vegas, where she has resided throughout her life.
1 of 26
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Restaurant with a Drive-Thru | 9435 S Rainbow Blvd
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