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La Petite Academy 4425 Simmons St 7,800 SF Retail Building North Las Vegas, NV 89031 $3,212,241 CAD ($411.83 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Triple-Net (NNN) Corporate Lease with Annual Rental Increases
- Seasoned Location- Tenant Operating Location Since 1997
- Average Household Income Exceeds $100,000 Within a 3-Mile Radius
- Corporate Guaranty by Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S. with Over 1,150 Schools Across 11 Brands
- 15 Feeder Elementary Schools Within a 5-Mile Radius
- More Than 430,000 Residents Within a 5-Mile Radius
Executive Summary
La Petite Academy, Inc. is one of the nation’s largest educational daycare companies. Headquartered in Novi, Michigan, the company operates more than 450 schools across the country.
North Las Vegas is home to over 290,000 residents and is one of the fastest-growing cities in Nevada and the United States as a whole. As a premier place to live, work, and play, the city of North Las Vegas leads Southern Nevada in both new home construction and economic development.
North Las Vegas is home to over 290,000 residents and is one of the fastest-growing cities in Nevada and the United States as a whole. As a premier place to live, work, and play, the city of North Las Vegas leads Southern Nevada in both new home construction and economic development.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,800 SF
Building Class
B
Year Built
1997
Price
$3,212,241 CAD
Price Per SF
$411.83 CAD
Cap Rate
7.50%
NOI
$240,918 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.88 AC
Zoning
C-1, North Las Vegas
Parking
36 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
219’ on Simmons St
Amenities
- Bus Line
- Pylon Sign
- Signage
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 139-05-203-004 | Improvements Assessment | $441,642 CAD |
| Land Assessment | $283,125 CAD | Total Assessment | $724,767 CAD |
Property Taxes
Parcel Number
139-05-203-004
Land Assessment
$283,125 CAD
Improvements Assessment
$441,642 CAD
Total Assessment
$724,767 CAD
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La Petite Academy | 4425 Simmons St
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