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1328 US Highway 395 N 7,196 SF 100% Leased Retail Building Gardnerville, NV 89410 $2,300,000 ($319.62/SF) 4.70% Cap Rate
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 Bridgeport, Connecticut, as a submarine sandwich shop started by Fred DeLuca and Peter Buck in the mid-1960s, and the brand later expanded through franchising. The company now focuses on made-to-order sandwiches alongside salads, wraps, cookies, and other menu items served through a broad franchise system. Subway has grown into a globally recognized restaurant brand with a large international footprint and a long-standing emphasis on quick-service meals and customizable menu choices.
| 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
Property Taxes
| Parcel Number | 1220-04-601-025 | Improvements Assessment | $307,034 |
| Land Assessment | $75,250 | Total Assessment | $382,284 |
Property Taxes
Parcel Number
1220-04-601-025
Land Assessment
$75,250
Improvements Assessment
$307,034
Total Assessment
$382,284
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1328 US Highway 395 N