1750 S. Rainbow Blvd, las vegas, NV
Retail for Sale - $7,300,000 - 30,650 Sq. Ft. on 2.2 acres
Property Info
| CIMLS# | 1061503 |
| Location 1750 S. Rainbow Blvd las vegas NV 89146 | |
| Updated | February 26th, 2020 |
| Type | Retail |
| Price | $7,300,000 |
| Building | 30,650 Sq. Ft. |
| Land | 2.2 acres |
Property Description
Rainbow Express Village | 1750 S. Rainbow Blvd, Las Vegas, Nv 89146
Parcel# 162-02-212-001
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
Financials
Financial Summary
Purchase Price: $7,300,000.00
Loan #1: $5,110,000.00
Cash Required: $2,190,000.00
Calculated Return
Annual Income: $613,752.96
Operating Expense: $111,826.95
NOI: $501,926.01
Cap Rate: 6.88%
Est. Loan Payment: $301,657.56
Cash Flow: $200,268.45
Rate of Return: 9.14%