Rainbow Promenade is a 228,279 SF regional retail power center situated on 21.11 acres in a dense residential area
of northwest Las Vegas. The Property is 98% occupied and benefits from over 4,000 feet of high-visibility frontage along US-95 and North Rainbow Blvd.
Occupancy is 98% leased to 23 high-performing tenants with over 7 years WALT plus with renewal options.
The tenants consist primarily of national and regional credit retailers and include:
The business plan involves executing a "sum-of-the-parts" strategy for the asset, selling off individual stabilized pieces to capture the highest aggregate value for the overall project and cost average down to attain 10%+ cap.