Investment Overview

The subject property is a 6,340-square-foot standalone childcare building situated on approximately 0.78 acres of land in Sparks, Nevada. The property is very well located at the signalized intersection of Sparks Boulevard and O’Callaghan Drive, which collectively have 29,000 cars per day. In addition, it is easily accessed by the dense residential neighborhoods that surround this site. This property has been successfully operated as a childcare facility for decades – most recently by the current owners for roughly fifteen years. It is now being offered vacant to a new owner. The existing building was constructed in 1987 as a daycare center. The current owner purchased the property in 2011 and renovated the interior of the building at that time. The building is configured with multiple different classroom areas, private offices, restrooms, and a kitchen area. The building could be operated as-is, or easily renovated to suit a different childcare floorplan or another use. The building is a standard rectangular shape with plumbing throughout, making for a very versatile space. The exterior of the building currently has three separate playground areas, all independently accessible by various classrooms. The rest of the lot consists of 30 paved parking spaces, with ingress and egress from O’Callaghan Drive. Reno has seen tremendous growth in recent years due to an influx of companies seeking a business-friendly tax climate and laws. Further, the addition of companies with an international presence in Technology, Manufacturing, Distribution, Medical, and more has given northern Nevada a robust, diversified economy. This continued growth continues to result in an increased need for childcare in the area. Listed at $1,625,000, or $256.31 per square foot, this property presents a new owner with the opportunity to own a versatile, very well-located property in the Reno/Sparks MSA. Please contact the listing agent for more details.