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Investment Highlights

  • Heavy daytime traffic
  • Well maintained center
  • Located in Gardnerville's main shopping district

Executive Summary

One of three parcels in the Park Place Center is being offered for sale. The center is conveniently located in the town of Gardnerville shopping area. Easily accessed off of Hwy 395 with plenty of parking. The building has had the roof resealed and all HVAC units replaced. The three tenants are Subway, Mattress Factory and Hello Handmade. Leases are seasoned Triple Net with built in extensions. The 4.7 CAP rate reflects a building centrally located and very well maintained.

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
7,196 SF
Building Class
B
Year Built
2003
Price
$2,300,000
Price Per SF
$319.62
Cap Rate
4.70%
NOI
$108,100
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.90 AC
Zoning
Commercial - Commercial
Parking
70 Spaces (9.73 Spaces per 1,000 SF Leased)

Amenities

  • Mezzanine
  • Restaurant
  • Signage
  • Tenant Controlled HVAC
  • Monument Signage
  • Air Conditioning
  • Smoke Detector

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Hello Handmade
  • Arts, Entertainment, and Recreation
  • 2,594 SF
  • -
  • -
  • Jan 2028
  • Mattress Factory Outlet
  • Retailer
  • -
  • -
  • Triple Net
  • May 2024
  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Subway began in 1965 when Fred DeLuca opened Pete's Super Submarines in Bridgeport, Connecticut with financing help from Peter Buck. The company pioneered the fast-casual restaurant model focused on customizable submarine sandwiches. After expanding through franchising since 1974, it now maintains dual headquarters in Connecticut and Florida while operating thousands of locations worldwide. The menu features made-to-order subs, wraps, salads and baked goods with fresh ingredients. Though now a global brand, its Connecticut roots remain central to the company's identity.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Hello Handmade Arts, Entertainment, and Recreation 2,594 SF - - Jan 2028
Mattress Factory Outlet Retailer - - Triple Net May 2024
Accommodation and Food Services - - - -
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Nearby Major Retailers

Jazzercise
Starbucks
Grocery Outlet
Smith's
Raley's
Anytime Fitness
Cross Fit Carson Valley
Ahern Rentals
Dotty's
El Dorado Savings Bank

Property Taxes

Property Taxes

Parcel Number
1220-04-601-025
Land Assessment
$75,250
Improvements Assessment
$307,034
Total Assessment
$382,284
  • Listing ID: 40132134

  • Date on Market: 4/13/2026

  • Last Updated:

  • Address: 1328 US Highway 395 N, Gardnerville, NV 89410

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