This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Coral Academy of Science Las Vegas 7777 Eastgate Rd

41,147 SF Office Building Henderson, NV 89011 $11,500,000 ($279/SF) 6.28% Cap Rate

Investment Highlights

  • 3% Annual Rent Increases, 6.49% Cap Rate starting October 1, 2024
  • Opportunity to invest in the resilient and growing education sector
  • Strategically located in a rapidly growing and desirable area
  • Secure income stream from a Top Charter School in Nevada

Executive Summary

Investment Overview:
Hiltz Commercial Group is pleased to present an exceptional investment opportunity at 7777 Eastgate Rd, Henderson, NV. This property is currently leased to Coral Academy of Science Las Vegas, a renowned charter school with a strong presence in the Las Vegas area and Reno. The property offers a stable and reliable income stream, making it an attractive investment for those seeking long-term returns.
Financial Highlights:
Net Operating Income (NOI): $722,646 annually
Lease Structure: Triple Net (NNN)
Lease Term: Remaining term of approximately 4.37 years, expiring on June 30, 2028
Renewal Options: Two 10-year options, providing potential for extended tenancy
Tenant Profile:
Coral Academy of Science Las Vegas is a reputable charter school known for its focus on STEM education. The school has received accolades for its academic achievements and operates multiple campuses in the region. The success and expansion of Coral Academy indicate a stable and committed tenant for this investment property.
Location Highlights:
The property is situated in Henderson, NV, one of the fastest-growing cities in the United States. The area is known for its high quality of life, excellent schools, and robust economic growth, making it an attractive location for both residents and businesses.
Investment Highlights:
Secure income stream from a reputable and expanding educational institution
Triple net lease structure provides a low-maintenance investment
Strategically located in a rapidly growing and desirable area
Opportunity to invest in the resilient and growing education sector
For further details and to explore this investment opportunity, please contact Hiltz Commercial Group. This property represents a unique chance to invest in a stable, income-producing asset with a reputable tenant in the thriving city of Henderson, NV.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
41,147 SF
Building Class
A
Year Built
2006
Price
$11,500,000
Price Per SF
$279
Cap Rate
6.28%
NOI
$722,646
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
20,574 SF
Slab To Slab
14’
Building FAR
0.28
Land Acres
3.42 AC
Zoning
IG - General Industrial
Parking
160 Spaces (3.89 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Central Heating
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Educational Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The mission of CASLV is to provide a safe, rigorous college preparatory environment that promotes social responsibility and a culturally diverse community dedicated to becoming lifelong learners bound for success.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Educational Services 99,999 SF $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
178-11-412-003
Land Assessment
$782,119
Improvements Assessment
$2,455,809
Total Assessment
$3,237,928
  • Listing ID: 30960920

  • Date on Market: 2/14/2024

  • Last Updated:

  • Address: 7777 Eastgate Rd, Henderson, NV 89011

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}