For Sale
$3,750,000

13870 Stead BlvdReno, NV 89506

Reno, NV: Multi-Tenant Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully leased, multi-tenant retail portfolio in Reno, Nevada. The property comprises three buildings totaling 21,300 square feet situated on a 3.149-acre lot, including over an acre of undeveloped land. Currently boasting 100% occupancy with two tenants under long-term NNN leases, the property generates a substantial net operating income (NOI) of $259,000, representing a 7.00% cap rate on the asking price of $3,750,000. The buildings, constructed in 1993 and renovated in 2020, are classified as Class C and feature a mix of bar, daycare, and restaurant tenants. The property is zoned GC, permitting a variety of uses. The undeveloped land presents a significant value-add opportunity, with potential for future development. Located at a high-traffic intersection with easy access to I-580, this portfolio offers a compelling combination of immediate cash flow and long-term growth potential in a rapidly developing area of Northern Nevada. The property includes five units across the three buildings and benefits from a prime location on Stead Blvd in Washoe County, zip code 89506. The seller is motivated and offering a drastic price reduction for a quick sale. This is a rare chance to acquire a strategic asset with promising returns and significant growth prospects. The property's Assessed Parcel Number (APN) is 086-101-39.

Highlights

  • Fully leased investment property with potential for one-acre development.
  • NNN lease with annual rent increases extending through 2029.

Property Details for 13870 Stead Blvd

Property type
Day care centers & nurseries, Retail properties
Square Feet
21,300 SF
Class
C
Year Built/Renovated
1993/2020
Buildings
3
Stories
1
Lot Size (sq. ft)
137,170 SF
Units
5

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.6416815
Longitude
-119.8809327
13870 Stead Blvd, Reno, Nevada

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13870 Stead Blvd
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