The Shops at Grand Canyon — Lease in Las Vegas, NV

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Las Vegas, NV 89147

Description

Prime retail space available at this Target anchored power center. Other anchors include JC Penney, Kohl’s and Floor & Décor. Many national retailers in the center creating high customer volumes daily. This site is located just west of the 215 Beltway at the Flamingo exit. High household income and good daytime population surround this site. The property is across from Las Vegas Athletic Club and the Dignity Health neighborhood hospital. The center is directly adjacent to nearly 1,450 newly-built Class A apartments. Affluent surrounding neighborhoods include The Summit Club, The Ridges and Siena boasting some of the highest incomes in the Las Vegas valley. 3,600 SF built-out, second generation restaurant with grease trap available. Landlord will consider alternative retail & service uses.

Market Context

This retail in Las Vegas, NV is listed for lease. 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.

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