Rainbow Express Village

Rainbow Express Village | 1750 S. Rainbow Blvd, 89146

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Rainbow Express Village | 1750 S. Rainbow Blvd, Las Vegas, Nv 89146

Parcel# 163-02-212-001

Construction: Concrete Block & Wood Framing

Property Size: 30,650 SF

Net Acres: 2.2

Built: 1985

Investment Offering Consists of 1 Parcel Encumbering the Northeast Corner of Rainbow & Oakey.

3 Additional pads located on property are separately owned and are not a part of sale.

Pad owners do contribute to Common Area Expenses and are billed monthly on actual costs.

Rainbow Express Village is within 5 miles of the I-15, Las Vegas Blvd, Resort Corridor and China Town. This center includes Regional and National Tenants: Dotty’s, Starbucks, Jersey Mikes, Lee’s Liquor, and Weinerschnitzel.

Rainbow Express Village supports a very diverse tenant structure including: Car Audio Services, Dog Adoption & Grooming, Cellphone & Computer Repair, Women’s Lingerie, Printing Services, Alterations, Vapor Shop, Purses & Accessories, Beauty Salon, African Restaurant, Nutritional Meal Services, Tattoo Suppliers, and a Barber Shop.

Area National Users within 1/2 mile of this center include: Pizza Hut, Panda Express, Albertsons, Wells Fargo, Auto-Zone, Discount Tire, Subway, Home Depot, Ross Dress for Less, Chase Bank, 24-Hour Fitness and Little Caesars.

Financial Summary

Purchase Price: $7,800,000.00

Loan #1: $5,460,000.00

Cash Required: $2,340,000.00

Calculated Return

Annual Income: $640,444.13

Operating Expense: $132,131.16

NOI: $508,312.97

Cap Rate: 6.51%

Est. Loan Payment: $309,036.96

Cash Flow: $199,276.01

Rate of Return: 9.14%