Property summary
This exceptional investment opportunity presents a single-tenant, net-leased preschool in Las Vegas, Nevada. The 4,162 square foot building, constructed in 2020, sits on a 0.43-acre lot and includes an additional 1,400 square feet of rentable outdoor playground space. Located at 8535 Blue Diamond Rd, 89178, this property enjoys a prime location within the rapidly growing Southwest Las Vegas area, ideally situated to serve the nearby Mountain's Edge, Rhodes Ranch, and Southwest Blue Diamond communities. The current tenant, Angel Face Preschool & Childcare, has occupied the building since April 1, 2020, under a 10-year NNN lease with 3% annual rent escalations. The lease has 5.4 years remaining, followed by two 5-year options. The property boasts a 100% occupancy rate and generates a strong net operating income (NOI) of $150,931, resulting in an attractive 5.75% cap rate. The building features a commercial kitchen equipped with a 600-gallon grease trap. The property is zoned Commercial General (CG) and is offered for sale as a leaseback with a personal guarantee. This is a rare opportunity to acquire a stable, high-performing investment with significant long-term potential. The tenant is expanding, with a second location planned for opening in 2025. The asking price is $2,625,000.
Property profile
VerifiedCap rate & NOI
Current use
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High School Daycare Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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