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7401 W Charleston Blvd - Brilliant International Academy 34,034 SF Specialty Building Offered at $8,810,000 at a 8.50% Cap Rate in Las Vegas, NV 89117
Investment Highlights
- Accredited and Respected Christian Academy – Brilliant International Academy is being offered as a sale-leaseback with a new 15-year NNN lease
- High-Quality Building – High-quality, purpose-built property well-constructed in 2001 and recently renovated in 2023
- Targeted Location with Convenient Accessibility – The site sits within a residential suburb on the western outskirt of Las Vegas
- Guaranteed, Strong Credit NNN Lease – Passive “coupon clipper” STNL investment with minimal landlord responsibilities
Executive Summary
* Accredited and Respected Christian Academy – Brilliant International Academy is being offered as a sale-leaseback with a new 15-year NNN lease that includes 2% annual increases. The school serves the surrounding area offering comprehensive educational programs from preschool through high school and has been accredited by the Association of Christian Schools International as well as being a Nevada Ready/Nevada Department of Education QRIS Star Rated School.
* Targeted Location with Convenient Accessibility – The site sits within a residential suburb on the western outskirt of Las Vegas, serving the surrounding 71,972 households with an estimated 181,800 residents within a 3-mile radius, 19,629 residents of which are between the ages of 5 to 14.
* High-Quality Building – High-quality, purpose-built property well-constructed in 2001 and recently renovated in 2023 specifically to satisfy the tenant’s educational goals.
* Guaranteed, Strong Credit NNN Lease – Passive “coupon clipper” STNL investment with minimal landlord responsibilities, ideal for out-of-town investors that will be delivered debt-free and available for a quick close, accommodating 1031 Exchange timelines.
* Targeted Location with Convenient Accessibility – The site sits within a residential suburb on the western outskirt of Las Vegas, serving the surrounding 71,972 households with an estimated 181,800 residents within a 3-mile radius, 19,629 residents of which are between the ages of 5 to 14.
* High-Quality Building – High-quality, purpose-built property well-constructed in 2001 and recently renovated in 2023 specifically to satisfy the tenant’s educational goals.
* Guaranteed, Strong Credit NNN Lease – Passive “coupon clipper” STNL investment with minimal landlord responsibilities, ideal for out-of-town investors that will be delivered debt-free and available for a quick close, accommodating 1031 Exchange timelines.
Property Facts
| Price | $8,810,000 | Building Class | B |
| Price Per SF | $258.84 | Lot Size | 2.22 AC |
| Sale Type | Investment | Building Size | 34,037 SF |
| Cap Rate | 8.50% | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1997/2023 |
| Property Subtype | School | ||
| Zoning | P-R, Las Vegas - Public & Institutional | ||
| Price | $8,810,000 |
| Price Per SF | $258.84 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 2.22 AC |
| Building Size | 34,037 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1997/2023 |
| Zoning | P-R, Las Vegas - Public & Institutional |
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 163-03-101-013 | Improvements Assessment | $1,346,975 |
| Land Assessment | $482,306 | Total Assessment | $1,829,281 |
Property Taxes
Parcel Number
163-03-101-013
Land Assessment
$482,306
Improvements Assessment
$1,346,975
Total Assessment
$1,829,281
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7401 W Charleston Blvd - Brilliant International Academy
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