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CVS Subleased to Dollar Tree 1250 W 7th St 9,516 SF Retail Building Reno, NV 89503 $2,632,000 ($276.59/SF) 4.75% Cap Rate
Investment Highlights
- CVS Health Corporate Guaranty | 14+ Years Remaining | Subleased to Dollar Tree
- High-Visibility Corner Location | Near Reno Strip | Minutes away from University of Nevada, Reno
- Absolute NNN | Leased-Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased, corporate guaranteed CVS Pharmacy investment property located in Reno, Nevada. CVS Pharmacy remains obligated under a long-term corporate lease with approximately 14 years remaining in the primary term, followed by eight five-year renewal options. Although the store has ceased operations, CVS continues to pay rent under the terms of the lease. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. CVS currently subleases the property to Dollar Tree, which took delivery in July 2026 and is currently completing its buildout.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,516 SF
Building Class
C
Year Built/Renovated
1969/2022
Price
$2,632,000
Price Per SF
$276.59
Cap Rate
4.75%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.61 AC
Zoning
GC - General Commercial
Parking
48 Spaces (5.04 Spaces per 1,000 SF Leased)
Frontage
2’ on 7th St
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- CVS
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| CVS | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 006-166-02 | Improvements Assessment | $474,541 |
| Land Assessment | $182,431 | Total Assessment | $656,972 |
Property Taxes
Parcel Number
006-166-02
Land Assessment
$182,431
Improvements Assessment
$474,541
Total Assessment
$656,972
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CVS Subleased to Dollar Tree | 1250 W 7th St