8535 Blue Diamond RdLas Vegas, NV 89178

For Sale
$2,625,000

NNN Lease, 5.75% Cap Rate, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • $2,625,000 asking price for a single-tenant, net-leased preschool.
  • 4,162 square foot building on a 0.43-acre lot, plus approximately 1,400 square feet of rentable outdoor playground space.
  • Located at 8535 Blue Diamond Rd, Las Vegas, NV 89178, in a rapidly growing area near Mountains Edge, Rhodes Ranch, and Southwest Blue Diamond.
  • 5.75% cap rate with a Net Operating Income (NOI) of $150,931.
  • 10-year lease with 5.4 years remaining, including two 5-year renewal options and 3% annual rent escalations.
  • Built in 2020, the property is 100% occupied by Angel Face Preschool & Childcare, a strong tenant with plans for expansion.

Property Details for 8535 Blue Diamond Rd

Property type
Other specialty properties, Schools
Square Feet
4,162 SF
Year Built
2020
Buildings
1
Stories
1
Lot Size (sq. ft)
18,731 SF
Units
1

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.019435245047
Longitude
-115.27724560563
8535 Blue Diamond Rd, Las Vegas, Nevada

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8535 Blue Diamond Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message