For Sale
$11,520,872

9550 Gateway DrReno, NV 89521

43,800 SF Warehouse, 5.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • Rare, single-tenant, net-leased industrial property in Reno.
  • Centrally located near Reno's population centers, 6.3 miles from Reno-Tahoe International Airport.
  • Strong, creditworthy tenant with over 10 years of lease remaining.
  • Mission-critical facility in a prime location.
  • Excellent freeway access.
  • 3% annual rent increases, yielding a 6.4% average cap rate over the lease term.

Property Details for 9550 Gateway Dr

Property type
Warehouses, Industrial properties
Square Feet
43,800 SF
Class
B

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.444374453143
Longitude
-119.76323697161
9550 Gateway Dr, Reno, Nevada

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9550 Gateway Dr
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