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Imagination Station Early Learning Center 2488 E Russell Rd 11,417 SF Retail Building Las Vegas, NV 89120 $3,071,024 CAD ($268.99 CAD/SF) 9.12% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Situated near the signalized intersection of E. Russell Rd & S. Eastern Ave
  • Combined traffic counts of +/- 63,899 vehicles per day
  • Adjacent to Harry Reid International Airport
  • Free standing building with a private and dedicated parking lot
  • Excellent visibility & building signage fronting E. Russell Rd
  • Close proximity to the Las Vegas Strip and UNLV

EXECUTIVE SUMMARY

Price Reduction & Prime Investment Opportunity, 1031 exchange welcomed! Clark County Development is pleased to offer for sale a single tenant investment opportunity located in Las Vegas, NV. This property consists of a free-standing building on 0.91 acres which consists of 11,417 SF. The subject property is leased to Imagination Station Early Learning Center a 24/7 childcare provider with a strong commitment to early childhood education and quality care.
The asset is located near the major signalized intersection of E. Russell Rd & S. Eastern Ave, with combined traffic count in excess of +/- 63,899 VPD. The building is located in a dense and mature trade area consisting of a population of +/- 395,806 with an annual household income of +/- $69,263 within a 5-mile radius. The asset benefits from its close proximity to Harry Reid International Airport (58.4 million passengers) in 2024, Las Vegas Strip (+/- 41,676,300 annual visitors), UNLV (+/- 32,911 students) and Sunrise Hospital (+/- 832 beds).

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
11,417 SF
Building Class
B
Year Built
2008
Price
$3,071,024 CAD
Price Per SF
$268.99 CAD
Cap Rate
9.12%
NOI
$280,055 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.92 AC
Zoning
C-P, County - Zoning Classification: Commercial Professional (CP) Planned Land Use: Neighborhood Commercial (NC)
Parking
32 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
205’ on E. Russell Rd

AMENITIES

  • 24 Hour Access
  • Dedicated Turn Lane
  • Fenced Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Health Care and Social Assistance
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Imagination Station Early Learning Center is a 24 hours 7 days a week child care center with a strong commitment to Early Childhood Education and quality care. Imagination Station Early Learning Center at Boulder opened for business in Las Vegas, Nevada in 2015. The Sunset location opened in 2017, and the Palace location in 2018. We serve local families with a need for daytime, overnight, weekend, or drop-in child care. We care for infants from 6 weeks of age, toddlers, preschoolers, and school-age children through age 12. The Imagination Station Early Learning Center brand originated as a sole proprietorship in Cleveland, Ohio in 2001. The business relocated to Lexington, Kentucky in 2007. This is where the model of 24/7 child care and education originated, supporting families within the community by offering flexibility. The facility was an immediate success and quickly expanded to a total of four locations in the area serving more than 5,000 children.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Health Care and Social Assistance - - Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Starbucks
Bank of America
Fifth Third Bank
EoS Fitness
Chase Bank
Denny's
Dutch Bros
Sprouts Farmers Market
D-BAT
Dotty's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
162-25-410-010
Land Assessment
$155,978 CAD
Improvements Assessment
$1,058,745 CAD
Total Assessment
$1,214,723 CAD
  • Listing ID: 37355728

  • Date on Market: 2025-08-20

  • Last Updated:

  • Address: 2488 E Russell Rd, Las Vegas, NV 89120

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