5001 W Craig Rd, Las Vegas, NV
NNN leased retail property with corporate guaranty and rental increases.
- Added:
- Jun 26, 2025
- Days on Market:
- 379
- Last Refresh:
- May 20 at 8:50 pm
Property Features for 5001 W Craig Rd
General Information
- Standard status
- Active
- Size
- 8,793 SF
- Lot size
- 1.71 Acres
- Property subtype
- RETAIL
Listing office Marcus & Millichap | Phoenix (602) 770-2935
Listing date Jun 26, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Phoenix
HighLights
- 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.
- High traffic location: West Craig Road sees 29,000 cars per day.
- Dense population: 441,610 residents within five miles.
- Strong demographics: Average household income exceeds $101,000.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $300.7k | $34.20 |
| − Vacancy | −$17.1k | −$1.95 |
| EGI | $283.6k | $32.25 |
| − OpEx | −$85.1k | −$9.68 |
| NOI | $198.5k | $22.58 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Albertsons Floral — 4850 W Craig Rd, Las Vegas, NV 89130
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.061
- Latitude
- 36.2404