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.