This Retail Property is Off-Market.

1495 S Virginia St
Reno, NV 89509 ·

1,085 SF · Retail For Sale



40 Mile Saloon

Price N/A Cap Rate 10.13%
Building Size 1,085 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type Retail (Other) Lot Size 0.21 AC
Property Use Type Net Lease Investment with 4 years left on lease APN / Parcel ID 0141331
Commission Split 3%
Listing ID: 18025845 Date Created: 02/12/2013 Last Updated: 03/15/2013


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


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

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