1085 S. Virginia Street presents an opportunity to acquire a 100% leased, 7,707 SF retail investment in the heart of Midtown Reno. The property is occupied by two established tenants and generates $259,244 in annual NOI, with operating expenses reimbursed by the tenants. 1085 S Virginia St Flyer 92826
The investment is anchored by Jade Dispensary, occupying 3,479 SF under a new 5-year NNN lease to be in place at closing, along with The Studio, occupying 4,228 SF with a lease through December 31, 2029. Jade has made significant specialized improvements to the premises, creating additional incentive for long-term occupancy.
Located along the S. Virginia Street corridor in Midtown, the property benefits from strong visibility, 72 feet of frontage, 29 surface parking spaces, and a 0.40-acre parcel. The offering combines durable in-place income with a high-visibility infill location in one of Reno's most established retail and entertainment districts.