1250 W 7th St - Drug Store FOR SALE


Reno, NV 89503- West University
$2,632,000 USD
480-221-4221
1250 W 7th St, Reno, NV for Sale
$2,632,000 USD
Drug Store - FOR SALE
1/9
null | 4.75% Cap Rate

1250 W 7th St
Reno, NV 89503
West University


HIGHLIGHTS

  • CVS Health Corporate Guaranty | 14+ Years Remaining | Subleased to Dollar Tree
  • Absolute NNN | Leased-Fee Ownership | Zero Landlord Responsibilities
  • High-Visibility Corner Location | Near Reno Strip | Minutes away from University of Nevada, Reno
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased, corporate guaranteed CVS Pharmacy investment property located in Reno, Nevada. CVS Pharmacy remains obligated under a long-term corporate lease with approximately 14 years remaining in the primary term, followed by eight five-year renewal options. Although the store has ceased operations, CVS continues to pay rent under the terms of the lease. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. CVS currently subleases the property to Dollar Tree, which took delivery in July 2026 and is currently completing its buildout.

FOR SALE DETAILS

PRICE

$2,632,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

CVS Subleased to Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

GC

APN/PARCEL ID

006-166-02

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.