70 Linden St - Medical FOR SALE


Reno, NV 89502- Sierra Meadows
$5,400,000 USD
775-313-1544
70 Linden St, Reno, NV for Sale
$5,400,000 USD
Medical - FOR SALE
1/26
null | 7% Cap Rate

70 Linden St
Reno, NV 89502
Sierra Meadows


OVERVIEW

70 Linden Street, a fully renovated 14,000 SF two-story building, 100% leased to Sai Mental Health (saimentalhealth.org) on a brand-new absolute NNN lease signed July 2026. Zero landlord responsibilities: tenant pays taxes, insurance, utilities and all maintenance, including roof and structure. 5-year initial term with two 5-year options and 3% annual escalations delivers $378,000 Year-1 NOI — a 7.00% cap at $5,400,000 ($386/SF), rising to ~7.9% by Year 5. The building is being converted to a licensed 24/7 residential behavioral health facility (up to 30 beds). Construction is underway, with rent commencement at Certificate of Occupancy, est. Q4 2026. Renovated to the studs in 2023 with all-new electrical, plumbing and HVAC, 800-amp power, elevator, and 44 parking stalls on 0.59 AC — in a federal Opportunity Zone directly across from the Peppermill Resort, adjacent to the Reno Experience District.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$386 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

MU

APN/PARCEL ID

020-012-03,020-012-04

ASK ABOUT THIS PROPERTY

Batuhan ZadehMarmot PropertiesMore Info
775-313-1544

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Batuhan ZadehMarmot PropertiesMore Info
775-313-1544

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