Roam 'n Stop
10130 S Rainbow Blvd
Las Vegas, NV 89139
Highlights
- LONG TERM LEASE - 17+ years remaining on the initial term of the lease, 2% Annual Rental Increases, followed by Four, 5-year options, also featuring rent increases.
- EXCELLENT LOCATION - Well-located asset within the growing Las Vegas MSA. High visibility and great site design to maximize tenant exposure. Positioned near more than 70 major neighboring National Retailers including Walmart, Smith's, Public Storage, Subway, McDonald's, Smoothie King, Denny's, and Walgreens.
- NEW DEVELOPMENT - New retail developments including Child Learning Center and Fast Food coming to the area.
- TAX-FREE STATE - Nevada is one of nine states with no state income tax.
- EXCELLENT DEMOGRAPHICS - Surrounding density of over 200,000 residents within a 5-mile radius and projected 5-year population growth of 12.4%.
- STRONG GUARANTEE - Personal guarantor with net worth ±$70M.
- RECENTLY BUILT - Newly constructed property in 2021.
- ABSOLUTE NNN LEASE - Zero Landlord Responsibilities. Ideal for Investors not Local to the Market or looking for a "hands off" investment.
Description
For Sale
Las Vegas, NV founded in 1905 and incorporated in 1911, is located in the southern part of the state. The City currently occupies a land area of 133.2 square miles and. The City of Las Vegas is the largest city in Nevada with a population of 656,503 as of July 1, 2023.
Las Vegas’ pioneering spirit, enterprising nature and can-do attitude are helping pave the road to economic recovery in Southern Nevada. Currently, gaming, tourism and educational instruction remain the leading areas of employment for Southern Nevadans. Las Vegas offers a market area of more than 51 million people within one day’s drive. It is a convenient Western U.S. location near other key high-tech markets such as Denver, Los Angeles, Phoenix, Salt Lake City, San Diego and San Francisco.
It is home to Switch, the world’s largest and most powerful data center and technology ecosystem. Switch clients include Cisco, Dell, and eBay, Fox, MGM, Pixar and Sony. Switch recently unveiled plans to invest $2 billion in new infrastructure that will bolster the state’s growing tech industry, bridging Southern and Northern Nevada.
Las Vegas’ McCarran International Airport is the seventh busiest airport in North America, according to Airports Council International. With more than 30 air carriers, McCarran provides nonstop service to domestic and worldwide destinations, helping quickly meet business needs. The primary drivers of the Las Vegas economy are tourism, gaming and conventions, which in turn feed the retail and restaurant industries. Las Vegas has 68 parks. The city owns the land for, but does not operate, four golf courses: Angel Park Golf Club, Desert Pines Golf Club, Durango Hills Golf Club and the Las Vegas Municipal Golf Course. It is also responsible for 123 playgrounds, 23 softball fields, 10 football fields, 44 soccer fields, 10 dog parks, six community centers, four senior centers, 109 skates parks, six swimming pools and more.
