9550 Gateway Dr Reno, NV 89521

This exceptional single-tenant industrial property, located at 9550 Gateway Dr, Reno, NV 89521, offers a compelling investment opportunity. The 43,800-square-foot Class B building features 4,000 square feet of newly renovated office space and is situated on a strategically important site with easy freeway access. Currently leased under a Net lease with a profitable tenant, the property boasts a 5.5% cap rate and a strong NOI of $633,648. The lease commenced December 1, 2022, and includes a favorable 3% annual rent bump, projecting a 6.4% average cap rate over the lease term. The property is zoned PUD and is conveniently located just 6.3 miles from the Reno-Tahoe International Airport (RNO), providing excellent access to Reno's population centers. With over 10 years remaining on the lease, this mission-critical facility represents a rare, single-tenant NNN leased industrial asset in a prime Reno location. The asking price is $11,520,872, with a price per square foot of $263.03. This is a truly exceptional opportunity for investors seeking a stable, high-performing asset in a thriving market. The APN is 163-073-01.