745 Sparks Blvd - Freestanding FOR SALE


Sparks, NV 89434- Sparks Marina
$2,715,000 USD
775-348-5234
745 Sparks Blvd, Sparks, NV for Sale
$2,715,000 USD
Freestanding - FOR SALE
1/4
null | 5.35% Cap Rate

745 Sparks Blvd
Sparks, NV 89434
Sparks Marina


HIGHLIGHTS

  • Drive-Thru and Ample Parking
  • 100% leased to Panda Express and Starbucks
  • 172,000+ Residents in a 5-Mile Radius
  • Frontage along Sparks Blvd (32,800+ Daily Traffic Counts)

OVERVIEW

The subject property, 745 Sparks Blvd is a rare opportunity to acquire a 100% occupied, dual-tenant retail asset in one of the most established retail corridors in Sparks, Nevada. The property is leased to two of the strongest national quick-service brands in the country, Panda Express and Starbucks, operating from a 3,524 square-foot freestanding building constructed in 2003 on a large 0.76-acre parcel with a drive-thru, ample parking, excellent access, and prominent frontage along Sparks Boulevard. Offered at $2,715,000 and a 5.35% cap rate, the asset provides investors with in-place net income of $145,309 per year. The Leases are backed by nationally recognized tenants that are highly resistant to e-commerce pressures and thrive on this location’s daily consumer traffic, convenience, and drive-to accessibility. The property is strategically positioned between dense residential neighborhoods, medical users, neighborhood retail, and other major regional traffic drivers. The site benefits from over 32,800 vehicles per day along Sparks Blvd and is on one of the primary corridors for residents traveling between residential areas in Sparks/Spanish Springs, and workforce centers like Downtown Reno. The site’s visibility, access, and surrounding retail ecosystem create an ideal long-term location for a variety of quick-service dining concepts.

FOR SALE DETAILS

PRICE

$2,715,000 USD

PRICE/SF

$927 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,023 SF

ZONING

C2

APN/PARCEL ID

037-020-44

ASK ABOUT THIS PROPERTY

Bret NicholsonMarcus & MillichapMore Info
775-348-5234

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

Bret NicholsonMarcus & MillichapMore Info
775-348-5234

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