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The Learning Experience

Retail | 6.21% CAP | 10,000 SF

Listing Contacts

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Active

Asking Price: $5,800,000
Address 

5155 Blue Diamond Rd, Las Vegas, NV 89139

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Date Added
Mar 18, 2024
Days on Market
361 days
Time Since Last Update
8 days

Details

Property TypeRetail
SubtypeDay Care/Nursery
Investment TypeNet Lease
Lease TypeNet
TenancySingle
Brand/TenantThe Learning Experience
Lease Term15 years
Lease Commencement06/01/2024
Lease Expiration05/31/2039
Remaining Term14.2 years
Square Footage10,000
Price/Sq Ft$580
Cap Rate6.21%
Occupancy100%
NOI$360,000
Lot Size (acres)1.14
APN176-13-801-047

Marketing Description

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to purchase (fee simple) a single tenant net leased investment that is fully leased to The Learning Experience (“TLE” – corporate) on a brand new 15-year lease.​ This 10,000 SF new construction retail facility provides investors with long term secure cash flows and a hedge against inflation with 10% rental increases every 5 years.​

Positioned on Blue Diamond road (Nevada State Rout 160), this site sees over 55,900 VPD and is within the greater Las Vegas area which has a total population of 2.29 M.​ Within a 5-mile radius of the site there are 323,000 residents and 44% of households are occupied by three or more residents.​ Nearby retailers include The Habit Burger, Cafe Rio, Wingstop, Burger King, Little Caesars, 7-Eleven and Alberton’s.​

This is an excellent opportunity to purchase a brand-new construction, single tenant net leased investment on a new 15-year lease with 10% rental increases with two 5-year options and minimal landlord obligations.​

Investment Highlights

  • New 15 Yr. Corp Lease by Learning Experience Corp. - 450+ Locations - Best in Class

  • World Famous Tourist Destination (49M+ Yearly) - Huge Population/Business Growth 

  • Strong 7-Year Corp Guarantee ($750K CAP) - Subsidiary of Golden Gate Capital - ($19B+ Market CAP)

  • Brand New 2024 Prototype - 10% Rent Bumps - 15 Yr. Roof Warranty

  • TLE is #1 of all Child Care Franchise according to Entrepreneur ‘s Franchise 500 

  • Nation’s Fastest Growing Brand! - “Annual Franchise Top 500 List” 

  • Affluent Residential Trade Area ($117,837 HHI) - Surrounded by Summerlin/Southern Highlands

  • Path of Growth for Las Vegas Market - Shadow Anchored by Albertsons/Target Centers

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$360,000.00
$30,000.00/mo

Valuation Metrics

0
DSCR
6.21%
Cap Rate
6.21%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts

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