The Learning Experience

5155 Blue Diamond Rd, Las Vegas, NV 89139

$5,800,000

Cap Rate 6.21%

Views: 155 DOM: 768 Updated: 10.25.24 Posted: 11.14.22 Status: Active

Summary

Price $5,800,000	Built/Renov 2022	Tenant The Learning Experience
Cap Rate 6.21%	Lease Type NN+	Guarantor Corporate
Size/SF 10,000	Lease Start 02-20-2023	#Units 500
Price/SF $580.00	Expiration 02-28-2038	Tenant Type Daycare/Education
NOI $360,000	R. Term 13.2	Ownership Fee Simple
Rent/SF $36.00	Increases 10.0%/5/yrs	Pop 5Mi 323,061
Lot/AC 1.14	Options 2/5yrs/10%	AHHI 5Mi $113,371

Eric Carlton

Colliers NNN Group

Contact

Lease Highlights

The Learning Experience has 13+years remaining on the current lease with 2 (5-year) options to extend
The lease features 10% rental increases every 5 years and at the beginning of each option period
Favorable NN+ lease with landlord responsibilities limited to roof & structure
Lease includes a transferable 15-year roof warranty

Location Description

This newly constructed Learning Experience is strategically positioned along Blue Diamond Road (Nevada State Rte. 160), with clear visibility and access to more than 55,900 vehicles passing by daily. The site is in a dense retail corridor surrounded by national/credit tenants including 7-Eleven, Walgreens, Starbucks, Albertson’s, Kohl’s, and many more. It is within the greater Las Vegas area...

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Key Features

New construction
High traffic 50M+ VPD
Highway location
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 15+ yr lease
Favorable NN+ lease
Corporate Guarantee
Over 100 Units backed

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Links

The Learning Experience Wikipedia The Learning Experience Wikipedia Las Vegas, Nevada Zip Code 89139 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: The Learning Experience
Guarantor:Corporate
Company:Golden Gate Capital
# Units:500
Stock:Private

About Tenant

The Learning Experience is an early childcare chain that develops and implements ground-breaking care and early childhood education programs nationwide. TLE is one of America’s fastest-growing...

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Demographics

	1 Miles	3 Miles	5 Miles
2027 Total Population :	10,416	118,838	340,680
2022 Total Population :	10,157	114,253	324,612
2022 Employed Civilian Pop :	5,192	60,161	171,440
2022 Total Businesses :	185	2,709	10,534
2022 Average Household Income :	$ 126,983	$ 117,923	$ 113,372
2022 Total Consumer Spending :	$ 349 M	$ 4201 M	$ 11672 M
2022 Median Age :	35	36	36
2022 Total Households :	3,210	41,535	120,038
2022 Pop Age 25+: Bachelor's Degree :	1,675	18,016	50,963
2022 Average Home Value :	$ 474,869	$ 452,292	$ 419,324

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
S Decatur Blvd	Blue Diamond Rd	2005	10,000	0.20 mi
South Decatur Blvd	W Raven Ave	2019	15,000	0.28 mi
South Lindell Road	W Raven Ave	2019	1,100	0.35 mi
Blue Diamond Road	Westwind Rd	2019	61,500	0.44 mi
West Pebble Road	S Timber Mesa St	2019	1,050	0.57 mi
West Serene Avenue	Cameron St	2019	270	0.71 mi
West Torino Avenue	S Jones Blvd	2019	2,900	0.84 mi
Blue Diamond Rd	S Schirlls St	2016	56,000	0.90 mi
Arville Street	W Shelbourne Ave	2019	3,800	0.90 mi
S Jones Blvd	W Oleta Ave	2005	5,800	0.91 mi

Listing Broker

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