1565 Lincoln WaySparks, NV 89434

Property Details for 1565 Lincoln Way

Year built

2008

Lot size

1.76 AC

Property size (Sq ft)

16,708 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 16,708 square foot shopping center, built in 2008, presents a compelling investment opportunity. Located at 1565 E Lincoln Way, Sparks, NV 89434, this single-story, multi-tenant property sits on a 1.76-acre lot within the Outlets at Legends, Reno's largest outlet center, boasting over 10.1 million annual visits. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $503,948, yielding a 6.35% capitalization rate. The asking price is $7,936,182. High-profile tenants include AT&T, Sports Clips, and Dave's Hot Chicken, ensuring excellent tenant synergy and a stable income stream. The property benefits from a highly visible location off the main entrance to the Outlets at Legends, providing exceptional exposure and accessibility. This passive management opportunity offers significant potential for long-term growth and return on investment. The property's prime location and strong tenant mix make it an ideal addition to any portfolio. This is a rare chance to acquire a fully leased, high-performing retail asset in a thriving Nevada market.

Location Insight

City

Sparks

County

Washoe

State

Nevada

Latitude

39.5331

Longitude

-119.718

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