5975 Alpha Avenue is a leasehold investment opportunity located at the Reno-Stead Airport. The property is on an airport ground lease since 1997 and will be renewed, prior to close, on a 20-year ground lease with a 10-year renewal option. The building is currently leased to Tactical Air Support, which has four (4) years remaining on its lease term, along with a five (5)-year renewal option. The lease includes 3% annual rent increases at the beginning of each calendar year. -7.75% CAP -NNN Lease Structure -Four years remaining on the lease term with a five year renewal option. -3% annual increases -long term ground lease on federal land, no property tax