For Sale
$3,400,000

4791 Summit Ridge Dr Reno, NV 89523

High-yield, 100% occupied medical building

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 4,581 square foot, Class B, single-tenant medical retail building situated on a two-acre lot in Reno, Nevada. Built in 2006, the property boasts a 100% occupancy rate with a long-term tenant—a regional medical center—in place since 2008, operating under a Net Net (NN) lease. The property's strong financial performance is reflected in its attractive 5.95% capitalization rate and $3,400,000 asking price. The property is zoned NC and its convenient location at 4791 Summit Ridge Drive offers easy access to Interstate 80 and South McCarran Parkway, ensuring high visibility and accessibility. This stabilized investment asset presents a compelling opportunity for investors seeking a secure, high-yield return. The sale includes the standalone building

Highlights

  • Two-acre land parcel.
  • High-traffic location with excellent visibility.
  • Recently renovated interior with modern finishes.
  • Ample on-site parking available.
  • Strong tenant base with long-term leases.
  • Zoned for a variety of commercial uses.

Property Details for 4791 Summit Ridge Dr

Property type
Retail properties
Square Feet
4,581 SF
Class
B
Year Built
2006
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.521094
Longitude
-119.8586265

FAQs

What type of property is this?
Retail property - High-yield, 100% occupied medical building
Where is the retail property located?
The property is located at 4791 Summit Ridge Dr Reno, NV.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Two-acre land parcel.; High-traffic location with excellent visibility.; Recently renovated interior with modern finishes.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4791 Summit Ridge Dr
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