Rainbow Promenade Complex
228,000 SF Retail Centre, Las Vegas

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:

  • Anchored by AMC Theatres (40,013 SF)
  • Hobby Lobby (64,795 SF)
  • Cost Plus World Market (18,960 SF)
  • Barnes & Noble (24,900 SF)
  • Chilli’s
  • Macaroni Grill
  • Party City

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.

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