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Browse More Listings in Retail For Sale, Reno, NV or Nevada

Retail Property For Sale

Walgreens Investment Opportunity

750 N Virginia Street, Reno, NV 89501

Price:
$5,539,000
Building Size:
14,900 SF
Price/SF:
$371.74
Property Type:
Retail
Property Sub-type:
Anchor
Additional Sub-types:
Free Standing Bldg
Property Use Type:
Net Lease Investment with 10+ years left on lease
Cap Rate:
7.75%
Occupancy:
100%
Tenancy:
Single
Find Out More...

Last Verified 10/27/2009 Listing ID 16299370

Description

- Long term, NNN Lease
- Major A+ rated credit tenant
- Extraordinary Downtown Reno location and identity
- Aggressive depreciation schedule potential
- Located in the heart of downtown Reno at the major intersection of Virginia and I-80
- Traffic Counts: Total estimated at 128,930 cars per day
- Existing assumeable loan with attractive 6.09% rate fixed for 10 years
- Located on Airspace Lease over I-80

Located in the majestic Sierra Nevada Mountains, the breathtaking Reno-Sparks-Lake Tahoe area is an incredible vacation or business destination. From the arts and the cultural splendor, to gaming and fine dining, Reno and Sparks are rich in tradition and fresh entertainment.

They offer:
- 18 world-class ski resorts
- 40-plus golf courses
- Gaming at more than 60 locations, including some of the top casinos in North America
- River walks, fishing, hiking, biking, canoeing
- AAA baseball and a new stadium
- The National Bowling Stadium
- The National Automobile Museum

Financial Summary

Actual
Net Operating Income
$429,280

Map of 750 N Virginia Street, Reno, NV 89501 (Washoe County)

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Presented by

TRI Commercial | CORFAC International

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Contact Listing Broker

Tony Wood (916) 677-8134

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Created 6/30/2009

Additional Information for 750 N Virginia Street, Reno, NV 89501

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 3 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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Nearby Recently Sold Retail propertiesSearch all recently sold commercial real estate

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Walgreens Investment Opportunity

750 N Virginia Street, Reno, NV, 89501