Coral Academy of Science Las Vegas | 7777 Eastgate Rd
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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.
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
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
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
Parcel Number | 178-11-412-003 | Improvements Assessment | $2,455,809 |
Land Assessment | $782,119 | Total Assessment | $3,237,928 |
PROPERTY TAXES
Parcel Number
178-11-412-003
Land Assessment
$782,119
Improvements Assessment
$2,455,809
Total Assessment
$3,237,928
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Coral Academy of Science Las Vegas | 7777 Eastgate Rd
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