775-250-4684
750 N Virginia St, Reno, NV for Sale
Drug Store - FOR SALE
1/17
null | Request Cap Rate

750 N Virginia St
Reno, NV 89501
West University


HIGHLIGHTS

  • University Corridor / Infill Location
  • Potential Covered Land Play
  • High Yield Net Lease

OVERVIEW

This is a corporate Walgreens NNN lease with long-term duration to 2064 but subject to rolling 5-year tenant termination options beginning in 2027. Primary value driver for buyers is whether Walgreens exercises the 2027 termination option or remains in place. With its prime location, this property offers excellent accessibility and high traffic, making it an attractive option for businesses seeking a vibrant and bustling environment. The proximity to downtown Reno adds to its value, providing easy access to a variety of amenities, dining, and entertainment options. Furthermore, the area's mixed-use zoning allows for flexible development opportunities, catering to a diverse range of commercial needs. This makes it not only a lucrative investment but also a strategic choice for future growth and expansion.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

24 Hr Dwntn Walgreens w/ Drive Thru Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

MD-UD

APN/PARCEL ID

007-216-31

ASK ABOUT THIS PROPERTY

Matt HarrisStreet Commercial Real EstateMore Info
775-250-4684

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Matt HarrisStreet Commercial Real EstateMore Info
775-250-4684

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