Summerlin Restaurant NNN Lease Extension in Las Vegas — Oh la la French Bistro Renews 1,993 SF

M Square Commercial successfully secured a NNN lease extension for Oh la la French Bistro at 2120 N Rampart Blvd, Suite 150, Las Vegas, NV 89128. The 1,993-square-foot transaction added a new five-year term, providing continued occupancy for the tenant and long-term stability for the landlord, Rampart PhD LLC. The extension reinforces Oh la la’s presence in the Summerlin trade area, where strong retail fundamentals continue to support quality restaurant operators.

Transaction Snapshot

  • Location: 2120 N Rampart Blvd, Suite 150, Las Vegas, NV 89128
  • Deal Type: NNN Lease Extension
  • Tenant: Oh la la French Bistro
  • Landlord: Rampart PhD LLC, a Nevada limited liability company
  • Size: 1,993 square feet
  • Original Lease Date: April 2016
  • Extension Term: 5 years
  • Execution Date: October 9, 2025

The Assignment

The objective was to secure a long-term lease extension for an established restaurant tenant while preserving occupancy and stability for ownership. With Oh la la French Bistro operating at the property since the original lease in 2016, the assignment centered on extending the tenancy in a way that supported the restaurant’s continued success and reinforced the value of a proven occupant in a desirable Summerlin retail location.

Why This Site / Market

  • Located on North Rampart Boulevard in the Summerlin area of Las Vegas
  • Established operating location for Oh la la French Bistro since 2016
  • Strong surrounding retail fundamentals supported the long-term extension decision
  • Asking rents in retail submarkets serving the Summerlin area ranged from about $1.86 to $2.49 PSF NNN
  • Vacancy in retail submarkets serving the Summerlin area ranged from 2.6% to 3.6%
  • Continued tenant demand and limited vacancy help support quality neighborhood retail assets in the submarket

Strategy + Execution

MSC led the process from lease extension strategy through final execution, helping align both landlord and tenant around a structure that supported continuity and long-term occupancy. By focusing on a straightforward extension for a proven operator, the team helped preserve stability at the property while securing Oh la la’s continued presence in one of Las Vegas’s strongest retail submarkets.

  • Structured a five-year lease extension for an established tenant
  • Helped preserve long-term occupancy at the property
  • Supported a transaction that aligned with Summerlin market fundamentals
  • Advanced the deal efficiently through execution on October 9, 2025

The Result

  • Oh la la French Bistro secured continued occupancy in its established Summerlin location
  • Rampart PhD LLC achieved long-term stability through a five-year lease extension
  • The transaction reinforced tenant retention at a well-performing neighborhood retail site
  • MSC delivered a smooth, market-aligned lease extension in a low-vacancy retail submarket

About Oh La La

OHLALA is a modern French bistro created by Richard Terzaghi, owner of L’Osteria Del Forno in San Francisco. Richard has been in the restaurant industry since 2002, and the concept blends the charm of a little Parisian bistro with the warmth of a cozy neighborhood restaurant. With traditional French cuisine and a thoughtfully curated wine list featuring selections from France and California, OHLALA has built a distinctive dining experience in Las Vegas.

 

Partner with M Square Commercial 

M Square Commercial is proud to support Rampart PhD LLC and Oh la la French Bistro in executing a successful NNN lease extension in Las Vegas, Nevada. For owners looking to retain key tenants and for operators seeking long-term occupancy in strong retail corridors, MSC helps streamline the process and create certainty from negotiation through execution.