1790 Mill St - Service Station FOR SALE


Reno, NV 89502- Wells Avenue Neighborhood
$3,000,000 USD
408-710-0721
1790 Mill St, Reno, NV for Sale
$3,000,000 USD
Service Station - FOR SALE
1/15
null | 5.6% Cap Rate

NEW



HIGHLIGHTS

  • Prime hard-corner location at Mill St & Kietzke Ln - excellent visibility and convenient ingress/egress
  • Recently remodeled, double-walled tanks, and upgraded pumps
  • Strong traffic exposure with over 21,000 vehicles per day
  • Flexible acquisition structure - owner-operator or passive NNN sale-leaseback
  • Strategically located minutes from downtown Reno, UNR, and major resorts & casinos
  • Potential Eligibility for 100% Bonus Depreciation

OVERVIEW

1790 Mill St presents the opportunity to acquire a fully operational 76-branded gas station and ±1,812 SF convenience store situated on a high-visibility hard corner at Mill St and Kietzke Ln in Reno, NV. Recent upgrades include expansion and remodeling of the c-store, installation of double-walled tanks, and upgraded pumps. The property benefits from transferrable beer & wine and tobacco licenses as well as approval for gaming. This asset can be purchased by an owner-operator or as a sale-leaseback with a 10-year NNN lease at $14,000/month, providing immediate income and strong cash flow in an income-tax-free state. Located along a major arterial with strong traffic counts and just minutes from downtown Reno, this property is well-positioned to capture consistent demand within one of the fastest-growing markets in the country. Exclusively listed and presented by Grant Gluhaich, Colliers - Please reach out via email or phone for more information and Offering Memorandum.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$1,982 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Shell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,256 SF

ZONING

MUWM

APN/PARCEL ID

013-052-26

ASK ABOUT THIS PROPERTY

Grant GluhaichColliersMore Info
408-710-0721

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Grant GluhaichColliersMore Info
408-710-0721

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