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PADs 5050 W Russell Rd 3,000 - 8,800 SF of Retail Space Available in Las Vegas, NV 89118
Highlights
- Available Pad sizes of approximately 3,000, 4,800, and 8,000 square feet
- Approximately 1,100 planned hotel and residential beds
- Minutes from the Las Vegas Strip, Allegiant Stadium, and Harry Reid International Airport
- Located within the planned Otonomus Hotel and mixed-use development
- Strong built-in customer base from hotel guests, residents, employees, and visitors
- Suitable for restaurant, coffee, retail, medical, fitness, financial, and service uses
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,000-8,800 SF | Negotiable | $42.11 CAD/SF/YR $3.51 CAD/SF/MO $370,550 CAD/YR $30,879 CAD/MO | TBD |
1st Floor
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Site Plan
Property Facts
| Total Space Available | 8,800 SF | Gross Leasable Area | 8,800 SF |
| Min. Divisible | 3,000 SF | Construction Status | Proposed |
| Property Type | Retail |
| Total Space Available | 8,800 SF |
| Min. Divisible | 3,000 SF |
| Property Type | Retail |
| Gross Leasable Area | 8,800 SF |
| Construction Status | Proposed |
About the Property
Three Ground Lease Pads Available at Otonomus Las Vegas A rare opportunity to ground lease one of three commercial pads located within the planned Otonomus Hotel and mixed-use development near Russell Road and Decatur Boulevard in Las Vegas. The available pads are approximately 3,000 square feet, 4,800 square feet, and 8,000 square feet, offering flexibility for a variety of restaurant, retail, service, and neighborhood commercial uses. Otonomus Las Vegas is planned as a technology-driven hospitality and residential destination featuring approximately 1,100 beds and nearly 40,000 square feet of additional food, beverage, and retail space. The development is designed to create a built-in customer base consisting of hotel guests, residents, employees, visitors, and customers from the surrounding community. The property is conveniently located near the Las Vegas Strip, Harry Reid International Airport, Allegiant Stadium, major employment centers, and established residential neighborhoods. The location provides strong visibility, accessibility, and proximity to some of the most active hospitality and entertainment corridors in Las Vegas. Potential uses may include quick-service or full-service restaurants, coffee concepts, convenience retail, fitness and wellness, medical services, financial services, automotive-related services, or other complementary commercial uses, subject to ownership approval, applicable zoning, and use restrictions. **Ground Lease Terms:** * Base Rent: $30.00 per square foot per year, NNN * Estimated CAM: $10.80 per square foot per year * Lease Term: Five to ten years with options. Negotiable. * Pad Sizes: Approximately 3,000, 4,800, and 8,000 square feet Final lease terms, pad configuration, permitted uses, delivery condition, tenant improvement responsibilities, and development requirements are subject to negotiation. Tenants may lease an individual pad or explore combining available spaces, depending on use, availability, and compatibility with the overall development. Contact the listing broker for site plans, development details, permitted-use discussions, and ground lease information.
Nearby Major Retailers
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PADs | 5050 W Russell Rd
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