Rainbow Square — Lease in Las Vegas, NV

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Las Vegas, NV 89118
  • Size: 1,951 SF

Description

Rainbow Square is located on Rainbow Blvd. Directly across the street from 320,000 SF Spring Valley Hospital, employing more than 2,100 healthcare professionals daily and near Durango High School and Spanish Trail Country Club. Prime location for flourishing businesses on high-traffic South Rainbow Blvd. Approximately 45,000 cars per day travel on Rainbow Blvd. directly in front of the center. Rainbow Square is surrounded by several national retailers, which include, Walgreens, Dollar General Market, GNC, Jack in the Box, Taco Bell, Wienerschnitzel and more.

Market Context

This retail in Las Vegas, NV is listed for lease across 1,951 SF. It has been on the market for 53 days. Compare it against other retail listings for lease in Las Vegas, NV — view the full market.

As of Q1 2026, the Las Vegas retail market showed average asking rents near $32.55/SF/yr, rents up 5.8% year over year, and cap rates around 6.5%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Las Vegas?
About 6.5% as of Q1 2026, per multiple brokerage reports.

Estimated Market Rate

$1.89/SF/mo – $2.55/SF/mo

Mid: $2.22/SF/mo

Estimated total for 1,951 SF: $4,331 per month

Rate-first confidence-weighted blend with cost-of-business adjustment.

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