700 Baring Blvd - Retail FOR SALE


Sparks, NV 89434- Outer Sparks
$4,471,428 USD
323-609-4405
700 Baring Blvd, Sparks, NV for Sale
$4,471,428 USD
Retail - FOR SALE
1/2
null | 7.03% Cap Rate

700 Baring Blvd
Sparks, NV 89434
Outer Sparks


HIGHLIGHTS

  • CORPORATE GUARANTEED LEASE | OPTIONS TO EXTEND
  • EXCELLENT VISIBILITY | LOCATED OFF BARING BOULEVARD | LOCATED ALONG MAJOR THOROUGHFARE
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
  • NNN LEASE | FEE SIMPLE OWNERSHIP | LIMITED LANDLORD RESPONSIBILITIES

OVERVIEW

TWG is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, VCA investment property located in Sparks, Nevada. The tenant, VCA Baring Boulevard Animal Hospital, purchased the business operations of the former CAPNA facility and currently has over 5 years remaining in their initial lease term and 2 (5-year) option periods to extend. The lease is NNN with landlord responsibilities limited to roof, structure, foundation, and parking lot. The VCA is located near the signalized, hard corner intersection of Baring Blvd and State Highway 659, averaging a combined 28,300 vehicles passing by daily. State Highway 659 is a belt line highway system that serves the downtown Reno-Sparks area, providing an alternative commuter route as well as access to many commercial districts throughout both cities. The site is surrounded by a number of master planned communities, contributing to more than 68,400 households within a 5-mile radius, providing a direct consumer base to draw from. VCA is also located near multiple national/credit tenants including Smith’s, Safeway, Walgreens, Anytime Fitness, and more, further increasing consumer draw to the subject area. The 5-mile trade area is supported by a population of nearly 184,000 residents and more than 125,000 employees. Residents within the more immediate 1-mile trade area have an average household income of $72,520. The Reno-Sparks market has seen an influx of large, multi-national corporations to the region, such as Teslas Gigafactory, approximately 20 miles east of VCA, as well as Google, who is in the process of building a new data center campus within the same region.

FOR SALE DETAILS

PRICE

$4,471,428 USD

PRICE/SF

$786 USD /SF

CAP RATE

7.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

C1

APN/PARCEL ID

036-031-05

ASK ABOUT THIS PROPERTY

Brian WineTWGREMore Info
323-609-4405

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Brian WineTWGREMore Info
323-609-4405

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