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    5001 W Craig Rd Las Vegas, NV 89115

    For Sale
    $2,325,700

    NNN leased retail property with corporate guaranty and rental increases.

    Property size:
    8,793 SF
    Lot size:
    1.71 Acres

    Property Features for 5001 W Craig Rd

    General Information

    Size
    8,793 SF
    Lot size
    1.71 Acres

    Source: Marcus & Millichap | Phoenix Agent Mark Ruble

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Las Vegas NNN Retail Investment

    This retail property is available for sale and is subject to an absolute triple-net (NNN) lease with nine years remaining on the lease term. The lease is corporately guaranteed by Learning Care Group, a large provider of early childhood care in the U.S. with over 1,150 schools across 11 brands. Rental increases of eight percent are scheduled for 2027 and each of the two, five-year renewal options. The property is situated in a growing Las Vegas trade area with 441,610 residents within five miles. It benefits from an easily accessible location along West Craig Road, which sees 29,000 cars per day. The average household income in the immediate area exceeds $101,000. The property is located across from an Albertsons grocery store and is surrounded by national tenants, including Dollar Tree, Walgreens, and Sonic Drive In. There are 14 feeder elementary schools within a three-mile radius. The building has a property size of 8,793 square feet and is suitable for retail and daycare center use.
    Insight Report Location Intelligence

    Current Use by Public Records

    Creative Kids - Craig Day Care Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Albertsons Floral

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.061333
    Latitude
    36.240444

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    FAQs

    What type of property is this?
    Storefront property - NNN leased retail property with corporate guaranty and rental increases.
    Where is this storefront property located?
    The property is located at 5001 W Craig Rd Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $2,325,700.
    What are key features of this property?
    This property features: - Corporate guaranty by Learning Care Group, a major early childhood education provider.; - Absolute triple-net (NNN) lease with nine years remaining.; - **Eight percent rental increase in 2027 and in each renewal option.**
    (602) 770-2935
    Request Owner's contact information
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    Las Vegas, NV 89115
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5001 W Craig Rd Las Vegas, NV 89115
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