Historical Retail Sale Listing - 40 Mile Saloon

Retail For Sale

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40 Mile Saloon

1495 S Virginia St, Reno, NV 89509

N/A

1,085 SF | Retail

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from across Virginia st looking NW

Retail Property - Off Market

Price:
N/A
Building Size:
1,085 SF
Property Type:
Retail
Property Sub-type:
Retail (Other)
Property Use Type:
Net Lease Investment with
4 years left on lease
Commission Split:
3%
Cap Rate:
10.13%
Occupancy:
100%
Tenancy:
Single
Lot Size:
0.21 AC
APN / Parcel ID:
0141331
Listing ID
18025845
Last Updated
over 1 year ago

Description

NNN Leased property completely rehabbed with new electrical, Heat & AC unit,paint, metal flooring, concrete bar, new walk-in cooler and new roof last year. The current tenant has been in this location since 2006. The property has 3 signs. the large 4 section billboard is leased to Clear Channel thru 2017 and the 2 smaller signs leased to Sierra displays to 2017. The sign income is about 25% of the income. Agent is part owner of the property.

At the corner of Mount Rose & Virginia st the property is in the very desirable rapidly expanding Mid Town area. Just a mile or so from the financial center and federal court house also located on Virginia st and a another 1/2 mile to the casinos. The property has parking for 16 and is across the street from a large parking lot. The property has been a bar since the 1920s

Map of 1495 S Virginia St, Reno, NV 89509 (Washoe County)

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Created 2/12/2013