Legends Shopping Center 1315 Scheels Dr 29,537 SF 100% Leased 4-Star Retail Building Sparks, NV 89434 $8,587,000 ($290.72/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- LOCATED WITHIN RENO’S LARGEST POWER CENTER “OUTLETS AT LEGENDS” WHICH BOASTS 9.7M VISITS PER YEAR.
- Strong Leases - Old Navy Corp. Lease, Crunch Fitness personal guaranty, New Extension with Creative Hot Tubs Designs.
- Thriving Economy and Tax Advantages
- Excellent Tenant Synergy
- Passive Management Opportunity
EXECUTIVE SUMMARY
Three Tenant Strip Center Located in #1 Power Center in the Reno MSA; NV is a Tax Free State.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
29,537 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2008
Price
$8,587,000
Price Per SF
$290.72
Cap Rate
7.50%
NOI
$644,025
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
2.69 AC
Opportunity Zone
Yes
Frontage
AMENITIES
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 037-031-05 | Improvements Assessment | $1,951,136 |
| Land Assessment | $781,931 | Total Assessment | $2,733,067 |
