M Square Commercial negotiated a 10-year NNN lease extension for Shepherd Eye at 2100 N Rampart Boulevard in Summerlin, securing long-term stability for the landlord and preserving a prime medical retail location in high-demand Las Vegas corridor. The deal aligns with current Summerlin market conditions.
-- M Square Commercial announced the successful negotiation of a 10-year NNN retail lease extension for Shepherd Eye at 2100 N Rampart Boulevard in the Summerlin area of Las Vegas. The deal secures long term stability for the landlord, Rampart PhD LLC, and ensures that one of Nevada’s leading eye care providers remains in a highly visible, 7,100 square foot medical retail space.
Summerlin continues to attract medical and professional users who value convenient, accessible locations in a market that maintains low retail vacancy and steady demand. By renewing Shepherd Eye under a new long term NNN lease structure, M Square Commercial helped align the landlord’s income objectives with the tenant’s continued growth plans in the Las Vegas valley.
“Shepherd Eye is exactly the type of tenant owners want in a core Summerlin location, established, trusted, and committed to delivering essential services to the community,” said Brittany Megrath, CCIM, Principal and Managing Broker of M Square Commercial. “Our role was to design a lease structure that kept a strong tenant in place while supporting the long-term performance of the asset for our client.”
The 10-year NNN lease extension reflects current Summerlin retail and medical office market conditions, where well located space remains in high demand and vacancy rates remain relatively low. The agreement provides Rampart PhD LLC with predictable cash flow and reinforces occupancy for a key asset in its portfolio.
Founded in 1968, Shepherd Eye Center has grown into a nationally recognized leader in eye care and eye surgery. The practice operates multiple locations throughout Las Vegas and performs more cataract surgeries at its onsite surgery center than any other eye practice in Nevada. With a team of experienced ophthalmologists and optometrists, Shepherd Eye Center provides advanced care for cataracts, glaucoma, LASIK, pediatric ophthalmology, and other vision needs, supported by some of the most sophisticated technology in the industry.
“We are pleased to continue our long-term relationship with Shepherd Eye at this property,” Megrath added. “Medical and health care users like Shepherd Eye bring stability and repeat visits to retail environments, which creates long term value for both landlords and the surrounding tenant mix.”
The full success story for the Summerlin retail NNN lease extension is available on the M Square Commercial website: https://bit.ly/summerlin-retail-nnn-lease-extension
About the company: M Square Commercial is a national commercial real estate brokerage specializing in retail, land, and QSR transactions. The firm provides acquisition and disposition strategies designed to maximize value through insight, creativity, and disciplined execution. With a presence in more than 60 markets nationwide, M Square Commercial connects developers, investors, and operators to opportunities that drive long-term growth and success. For more information, visit msquarecommercial.com.
Contact Info:
Name: Brittany Megrath, CCIM
Email: Send Email
Organization: M Square Commercial
Address: 10450 W Cheyenne Ave, Las Vegas, NV 89129
Phone: (702) 637-9870
Website: https://msquarecommercial.com/
Release ID: 89177331
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