Listed by Bang Realty
$3,487,343
La Petite Academy - New Lease Extension
Details
Property Type Retail
Sub Type Education
Square Footage 7,905
Cap Rate 6.4%
NOI $223,190
Occupancy 100%
Tenancy Single
Brand/Tenant La Petite Academy
Lease Type Modified
Lease Term 11.3
Lease Expiration 09/30/2036
Remaining Term 10.3
Year Built 1999
Year Renovated 2018
Acreage 0.780
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2025
Ownership Fee Simple
Retail | 6.40% CAP | 7,905 SqFt
Marketing description
Bang Realty is pleased to present the exclusive listing for a La Petite Academy located at 680 E Warm Springs Rd, Las Vegas, NV. The site consists of roughly 7,905 rentable square feet of building space on an estimated 0.78-acre parcel of land. This La Petite Academy is subject to a 11-year Modified Triple Net lease, which commenced 7/1/2025. The current annual rent is $223,190 and has scheduled increases of 2.00% annually.
Investment highlights
- Strategic Location Supporting Consistent Enrollments | This La Petite Academy is surrounded by the State of Nevada's recently acquired office buildings and is just off the Las Vegas Strip. This significant governmental presence combined with high visibility promises a consistent influx of state employees and families to the immediate vicinity, driving reliable enrollments.
- Corporate Guarantee from Learning Care Group, Inc. | Learning Care Group, Inc. is the second largest for profit childcare company in north America and a leader in the early education space with over 1,150 locations across the country.
- Long Term Modified Triple Net (NNN) Lease | This property is subject to a long term modified triple net lease offering the landlord with a reliable income stream with very minimal responsibilities.
Listing Contacts
Listed by Bang Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$223,190.00
$18,599.17/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
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