request_info_guest false
Street View
Map
3 Photos

ROQ Plaza

$10,897,000

5840 South Rainbow Boulevard, Las Vegas, NV 89118

Active
Last Updated: 09/22/2025

6.25

Cap Rate

681,041

NOI

Details:
Cap Rate:    6.25%
NOI:    $681,041
Lot Area:    1.56 sqft
Year Built:    2025
Tenancy:    Multiple
Highlights:
  • 100% occupied inline strip center with long-term leases signed featuring 3% annual rental increases
  • Brand-new 2025 construction
  • 100% pre-leased during construction with multiple tenants that were unable to get space here
  • Part of a 5-property retail development located at S Rainbow Road & W Oquendo Road exposed to 50,000+ VPD
  • Owner of this inline strip parcel is the declarant for the entire development
  • US Military anchored with expanding users that have existing locations or significant experience operating in Vegas, including medical, restaurant, and other services
  • Over 50% of the tenants signed 10-year leases showing long-term dedication to the center and 7 of the 8 tenants have 3% annual rental increases providing a significant hedge against inflation
  • Less than 2% retail submarket vacancy in this quadrant of Vegas
Description:

100% occupied inline strip building with long-term leases signed featuring 3% annual rental increases. The subject property is part of a 5-parcel retail development which includes Starbucks, USA Auto, Conoco Phillips, and a future dermatology office.

Map:
Documents:
Title
ROQPlaza_LasVegasNV.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery