Silver State Plaza Retail FOR SALE


Sparks, NV - Sparks Marina
$26,500,000 USD
949-724-5635
, Sparks, NV for Sale
$26,500,000 USD
Retail - FOR SALE
1/18
null | 7.71% Cap Rate

Silver State Plaza
Sparks, NV
Sparks Marina


HIGHLIGHTS

  • Dominant Retail Hub in Sparks, Nevada
  • Synergistic Grocery Anchored Tenant Mix
  • Strategic Location in a High-Growth Area
  • Ranked Top 20% of all Shopping Centers Nationally
  • Significant Upside in Rents 37.4% Below Market
  • Diversified Income Stream

OVERVIEW

Dominant Retail Hub in Sparks, Nevada - 155,102 SF grocery-anchored shopping center serving a growing trade area. Synergistic Grocery Anchored Tenant Mix - Tenants include Toro de Oro Market, Ross Dress for Less, Big 5, Planet Fitness, and Dollar Tree, and a Wendy’s drive-thru. Strategic Location in a High-Growth Area - Growth is projected to continue, increasing 4.5% from 2024 to 2029. Ranked Top 20% of all Shopping Centers Nationally - Driven by strong anchor tenants, daily needs retailers, and a high-visibility location on McCarran Blvd. Significant Upside in Rents 37.4% Below Market - Current rents average $13.70 PSF annually, compared to the current market average of $21.90 PSF annually. Diversified Income Stream - Mix of Anchors (26.15%), Retail (25.41%), Service (22.85%), and Restaurants (25.59%). Freestanding High-Performing Wendy’s Pad - Excellent opportunity to spinoff a 15-year Wendy’s pad that generates percentage rent. Below Replacement Cost - Available at a low price PSF of $171, which is 27% below the market sale price PSF for the area, which sits at $233 PSF.

ASK ABOUT THIS PROPERTY

Alyssa MeraColliersMore Info
949-724-5635

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Alyssa MeraColliersMore Info
949-724-5635

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