250 Fairview Dr - Storefront FOR SALE


Carson City, NV 89701
$4,200,000 USD
513-300-0763
250 Fairview Dr, Carson City, NV for Sale
$4,200,000 USD
Storefront - FOR SALE
1/6
null | 6.35% Cap Rate

250 Fairview Dr
Carson City, NV 89701


HIGHLIGHTS

  • Brand-Backed Security: Lease guaranteed by PetSmart, Inc.—a $11B+ national retailer with over 1,660 stores and 50,000+ employees.
  • Below-Market Rent: Currently leased at $14.50/SF, offering significant upside in a market where retail rents approach $30/SF.
  • New 15-Year Lease: Recently extended through 2040, featuring scheduled rent escalations and three 5-year renewal options.
  • Robust Economic Growth: Nevada reported 6.0% GDP growth in 2024, supported by expansion in tech, logistics, and clean energy sectors.
  • Resilient Industry: Pet care remains a necessity-driven, recession-resistant sector with strong long-term fundamentals
  • Minimal Landlord Responsibilities: Landlord responsible only for roof, structure, and parking—offering a highly passive investment

OVERVIEW

Bang Realty-Nevada Inc. is proud to exclusively present for sale a single tenant, net-leased PetSmart property located in Carson City, Nevada. Strategically positioned within a thriving retail center anchored by Lowe’s, CVS, and Office Depot, the property benefits from strong tenant synergy, excellent visibility, and an oversized parking lot with multiple access points. Fronting U.S. Route 395—Carson City’s primary thoroughfare with traffic counts exceeding 42,000 vehicles per day—this location offers superior exposure in one of the market’s most active commercial corridors. PetSmart has called this site home for the past 22 years, having occupied the space since the center's development in 2002, and continues to thrive at this location as evidenced by their recent commitment to a new 15-year lease extension. The asset consists of a 18,384-square-foot building on a separately subdivided 1.45-acre parcel within a 210,996-square-foot shopping center. It includes a dedicated parking lot with 101 spaces and also benefits from access to the center’s expansive shared parking area. Prominent signage placement on the monument sign along Lincoln Highway further enhances visibility to passing traffic and nearby consumers. The property is surrounded by strong national co-tenants, including Chef’s Store, further reinforcing its status as a key retail destination in the area.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$228 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PetSmart Below-Market | New 15-Yr Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

105

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

RC

APN/PARCEL ID

004-012-29

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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