8095 Rainbow BlvdLas Vegas, NV 89139

For Sale
$8,000,000

High-Yield Gas, Car Wash, & More

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional retail investment property in Las Vegas, NV, offers a diverse portfolio of businesses including a gas station, full-service and express car washes, and a corporate Valvoline oil change facility. Located on 1.71 acres at 8095 S Rainbow Blvd, this fee-simple property boasts 270 feet of frontage on Rainbow Blvd and 280 feet on Windmill Ln, ensuring excellent visibility. The property features four buildings totaling 23,000 square feet, built in 2009 and zoned C-1. Currently operating under an absolute NNN lease with Valvoline and Choice Gas, the 10-year lease (commencing June 30, 2023, and expiring June 30, 2033) offers a remaining term of 8.6 years with two 5-year renewal options. The property enjoys 100% occupancy, generating a strong NOI of $733,053 and a 9.16% cap rate. The asking price is $8,000,000. Situated in a high-growth area of Southwest Las Vegas, the property benefits from exceptional demographics, with projected population and household growth of 16.26% and 16.03% respectively from 2022-2027. Nearby national brands include Smith's, Jack in the Box, O'Reilly Auto Parts, Dairy Queen, and Walgreens. The property's strategic location in a dense retail corridor, along with its diverse offerings, ensures continued strong performance. The property also benefits from Nevada's favorable business tax climate, including no corporate tax, personal income tax, inventory tax, franchise tax, or special intangible tax. This is a prime opportunity for investors seeking a high-yield, diversified retail investment in a rapidly growing market.

Highlights

  • 1.71-acre retail investment property in Las Vegas, NV, featuring a gas station, full-service and express car washes, and a Valvoline oil change facility.
  • NNN leased to Valvoline and Choice Gas with 8.6 years remaining on a 10-year lease (June 30, 2023 - June 30, 2033), plus two 5-year renewal options.
  • Property boasts a 9.16% cap rate and a strong NOI of $733,053, with an asking price of $8,000,000.
  • Located in a high-growth area of Southwest Las Vegas with projected population and household growth of 16.26% and 16.03%, respectively, from 2022-2027.
  • Excellent visibility with 270 feet of frontage on Rainbow Blvd and 280 feet on Windmill Ln.
  • Strong market conditions in the Southwest submarket, with rent growth of 9.8% and 6.8% YoY in 2022 and 2023, respectively.

Property Details for 8095 Rainbow Blvd

Property type
Other retail properties, Automotive properties
Year Built
2009
Buildings
4

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.0402159
Longitude
-115.2244853
8095 Rainbow Blvd, Las Vegas, Nevada

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8095 Rainbow Blvd
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