775-721-2980
6340 Mae Anne Ave, Reno, NV for Sale
Office CONDO - FOR SALE
1/12
3,065 SF | Request Cap Rate

NEW


6340 Mae Anne Ave
Reno, NV 89523
Northwest Reno


HIGHLIGHTS

  • Leased Two-Tenant Neighborhood Retail in NW Reno
  • Triple Net Leases
  • 5.60% in-place cap rate; 6.74% pro forma cap rate

OVERVIEW

A fully-leased, multi-tenant neighborhood retail building, part of the Quail North West II retail center in the densely populated Mae Anne Avenue corridor of northwest Reno, near McCarran Boulevard. The ±6,130 SF concrete tilt-up building (built in 2005) is 100% occupied by two tenants, Got Pho and Stand Proud Dog Training, both on triple-net leases, delivering a stable, low-management income stream. At the $2,050,000 list price the asset offers a 5.60% in-place cap rate (CY 2027) with a clear path to a 6.74% pro forma cap rate. The tenants are contractually obligated to reimburse property taxes under their NNN leases, an immediate NOI pickup once billed, and one space is currently below market rent, providing embedded upside. Surrounded by established rooftops and daily-needs retail, the property is an attractive stabilized-income opportunity for a private or 1031 investor.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

# OF UNITS

2

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

19,157 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

NC

APN/PARCEL ID

200-600-09

ASK ABOUT THIS PROPERTY

Andie BonkowskiLogic Commercial Real EstateMore Info
775-721-2980

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Andie BonkowskiLogic Commercial Real EstateMore Info
775-721-2980

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