Summerlin retail space does not sit empty for long, especially when it blends strong visibility with a trusted medical brand. At 2100 N Rampart Boulevard, Shepherd Eye had built a steady presence in a 7,100 square foot medical retail space, and the landlord, Rampart PhD LLC, saw the value in keeping that momentum. M Square Commercial stepped in to design a 10-year NNN lease extension that secured long term stability for the landlord and preserved a prime location for one of Las Vegas’s best known eye care providers.
Summerlin Retail Lease Overview
- Address: 2100 N Rampart Blvd, Las Vegas, NV 89128
- Tenant: Shepherd Eye
- Lease Term: 10 years
- Lease Extension Date: August 29, 2025
- Landlord: Rampart PhD LLC, a Nevada Limited Liability Company
- Deal Type: NNN Lease
- Building Size: 7,100 square feet
- Summerlin Average Retail Lease Rate: approximately $2.58 per square foot per month*
- Summerlin Retail Vacancy Rate: approximately 4.2%*
- Source: CBRE Las Vegas Retail Market Report
Retail Lease Strategy in the Summerlin Las Vegas Market
Summerlin retail space stays competitive because high quality medical and professional users prefer well located, accessible environments. This property already supported strong patient traffic for Shepherd Eye, and the landlord valued the tenant’s long-term stability. Building on that foundation, M Square Commercial focused on aligning interests between both parties. The goal was to reinforce occupancy, protect asset performance, and secure predictable income in a market where vacancy remains well below metro averages.
By understanding the tenant’s operational needs and the landlord’s investment goals, we delivered a lease structure that worked on both sides of the table.
M Square Commercial’s Expertise in Summerlin Retail Leasing
M Square Commercial believes in opportunity, grit, and initiative. That approach guides every leasing assignment, including long-term extensions like this one. Our team combines local market intelligence with national transaction experience across 60 markets and 15 states.
Medical users require specialized attention during negotiations because their operations, buildouts, and patient-care considerations demand accuracy and foresight. With Shepherd Eye’s long history in Las Vegas and its nationally recognized reputation for advanced ophthalmology, our responsibility was to create a lease that supported continued growth while strengthening the asset’s long-term performance for the landlord.
About Shepherd Eye Center
Shepherd Eye Center opened in Las Vegas in 1968 and has grown into a nationally recognized leader in eye care and eye surgery. The practice now operates multiple locations across the valley and performs more cataract surgeries at its on-site 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 more, using some of the most sophisticated technologies in the industry.
Summerlin Retail NNN Lease Extension Process and Negotiation Approach
We began by reviewing market conditions in Summerlin, evaluating comparable retail and medical office lease rates, and establishing a range that supported landlord goals without disrupting tenant operations. We coordinated directly with Shepherd Eye’s decision-makers to ensure clarity around term, NNN structure, renewal timing, and operational needs.
Consistent communication allowed both parties to move efficiently. Once final terms aligned, we prepared the extension for approval well ahead of the existing expiration timeline, ensuring continuity and a seamless transition into the new 10-year NNN term.
Lease Extension Results for Shepherd Eye
The completed lease extension strengthened long-term occupancy for the landlord and secured a strategic location for a trusted medical operator that has served Las Vegas for more than five decades.
- 10-year NNN lease extension in a high-demand Summerlin retail corridor
- Long-term stability for Rampart PhD LLC
- Strategic location secured for Shepherd Eye’s continued Las Vegas operations
- Negotiated terms aligned with current Summerlin retail and medical office market conditions
Partner with M Square Commercial
M Square Commercial brings discipline, insight, and initiative to every leasing assignment. Our team manages retail transactions across more than 60 markets, combining national reach with strong local expertise.
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