Tenaya Village Center — Lease in Las Vegas, NV

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Las Vegas, NV 89130

Description

Tenaya Village is an attractive strip retail center in the desirable Centennial Hills submarket. Strong surrounding demographics; annual incomes exceed $124,000 within three miles. Join daily traffic generators Starbucks, Timbers Bar & Grill, Wing Stop, Frijoles & Frescas, Capriotti’s and more. The property is located within the Town Center District serving the northwest trade area. NDOT just completed a new 215 Beltway interchange at Sky Pointe Drive, increasing access to the center from the beltway.

Market Context

This retail in Las Vegas, NV is listed for lease. It has been on the market for 54 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

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

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