1600 East Oakey Boulevard
Special Purpose | 6.47% CAP | 48,000 SqFt
Marketing description
Exclusively presented by Hiltz Commercial Group, 1600 E. Oakey Boulevard is an approximately 48,000 square foot educational facility situated on 3.83 acres and zoned Civic District, a rare designation in the Las Vegas Valley that allows school use by right. Offered at $10,500,000, the property is fully occupied by Innovations International Charter School of Nevada under a long-term absolute triple net lease through December 2032, providing stable in-place income with scheduled increases and limited landlord obligations. The campus features extensive classroom buildout, administrative offices, dedicated drop-off areas, secured outdoor space, and abundant on-site parking, all positioned on a large land footprint that is difficult to replicate in this infill location. The scale of the parcel and favorable zoning create strategic flexibility, and there may be a current owner-user opportunity depending on structure and timing. Please call for additional details regarding acquisition options and lease structure.
Investment highlights
Fully leased, long-term absolute NNN investment with Innovations International Charter School of Nevada in place through December 2032, providing stable, passive in-place income.
Rare Civic District zoning allowing school use by right—an increasingly scarce designation in the Las Vegas Valley that supports long-term occupancy stability.
Large 3.83-acre infill campus with ~48,000 SF improvements, featuring extensive classroom buildout, administrative offices, secured outdoor space, and dedicated student drop-off infrastructure.
Strategic flexibility and strong land basis with potential owner-user opportunity and future redevelopment optionality in a high-demand central corridor near major Las Vegas arterials.
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