5155 Blue Diamond Rd Las Vegas, NV 89139

Property Details for 5155 Blue Diamond Rd

Year built

2020

Construction

FRAME

Lot size

0.95 lot acres

Property size

6,771 SF

Property type

Auto shops

APN

176-13-813-008

APU

17613813008

Description

This exceptional investment opportunity presents a 10,000-square-foot, single-tenant net-leased daycare facility in Las Vegas, Nevada. The property, located at 5155 Blue Diamond Road (APN 176-13-801-047), is situated on a 1.14-acre lot and boasts a strong 6.21% cap rate with a Net Operating Income (NOI) of $360,000. The property is 100% occupied by The Learning Experience under a 15-year lease commencing June 1, 2024, and expiring May 31, 2039, with a remaining term of 14.5 years. The asking price is $5,800,000, translating to $580 per square foot. The lease includes 10% rental increases every five years, providing a hedge against inflation. This newly constructed facility benefits from a high-traffic location on Blue Diamond Road (Nevada State Route 160), experiencing over 55,900 vehicles per day. The surrounding area is densely populated, with 323,000 residents within a five-mile radius and a high percentage of households (44%) containing three or more residents. The average household income is $117,837. Nearby retailers include The Habit Burger, Cafe Rio, Wingstop, Burger King, Little Caesars, 7-Eleven, and Albertsons, indicating a strong retail environment. This investment offers a secure, long-term cash flow stream with minimal landlord responsibilities.

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Longitude

-115.211

Latitude

36.03

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments