2970-2990 Northtowne Ln - Freestanding FOR SALE


Reno, NV 89512- West University
$10,735,700 USD
775-721-7023
2970-2990 Northtowne Ln, Reno, NV for Sale
$10,735,700 USD
Freestanding - FOR SALE
1/3
null | 6% Cap Rate

2970-2990 Northtowne Ln
Reno, NV 89512
West University


OVERVIEW

Within the Northtowne Plaza shopping center, two anchor tenant buildings are for sale totaling 45,118 Square Feet. Occupied by Office Depot and Petco. This offers investors a proven income stream with fixed increases from national tenants. In the center there are two other strong tenants in Lee’s Liquor and a Del Taco restaurant, but are not a part of the sale. The property sits on 8.149 acres at a signalized intersection along McCarran Boulevard on the north side of Reno, just east of a US 395 interchange. McCarran Boulevard is Reno’s “ring road” that extends around both Reno and Sparks and is used as a commuter road with an average daily traffic count of 40,500 vehicles per day in front of the center. Northtowne Plaza is ideally positioned to benefit from the surrounding mix of tenants that include Home Depot, a high volume Winco grocery store, CVS and a number of other retailers. NNN Leases - Corporate Guarantees Highly sought after Reno Location Two quality tenants Scheduled Increases in Rent New Roof 2025 with 20 Year Warranty

FOR SALE DETAILS

PRICE

$10,735,700 USD

PRICE/SF

$224 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

138

LAND DETAILS

LAND ACRES

4.89 AC

LAND SF

213,008 SF

ZONING

GC

APN/PARCEL ID

026-031-37,026-031-39

ASK ABOUT THIS PROPERTY

Jack BrowerSVN | Gold Dust CommercialMore Info
775-721-7023

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Jack BrowerSVN | Gold Dust CommercialMore Info
775-721-7023

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