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1401 E Peckham Ln 2,760 SF Retail Building Reno, NV 89502 $2,300,000 ($833.33/SF) 5.74% Cap Rate
Investment Highlights
- High Performing Store: Reports Store Sales — low rent-to-sales ratio. Contact broker for more details.
- Strong Demographics: Over ±211,680 residents within a five-mile radius and more than ±400,363 within ten miles.
- Excellent Highway Access: Located less than one mile from Interstate 580, which accommodates over ±134,000 vehicles per day.
- Creditworthy Tenancy: Leased to 7-Eleven, an investment-grade tenant (S&P: A-)
- Affluent Area: Average household income over ±$100,000 in a 5-mile radius
Executive Summary
David Harrington
License # B.1003120.CORP (NV)
Matthews Real Estate Investment Services, Inc
400 S. 4th St., Suite 500, Las Vegas, NV 89101
License # B.1003120.CORP (NV)
Matthews Real Estate Investment Services, Inc
400 S. 4th St., Suite 500, Las Vegas, NV 89101
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,760 SF
Building Class
B
Year Built
1980
Price
$2,300,000
Price Per SF
$833.33
Cap Rate
5.74%
NOI
$132,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.41 AC
Zoning
NC - Neighborhood Commercial
Parking
10 Spaces (3.62 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
7-Eleven began in 1927 as the Southland Ice Company in Dallas and later grew into the 7-Eleven convenience brand. The company operates convenience retail stores and a franchise system, with banners and brands that include Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken & Biscuits, while also offering signature food and drink items such as Slurpee and Big Gulp beverages. 7-Eleven continues as a global convenience retailer and remains focused on fast, everyday shopping across a wide network of stores.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 020-361-26 | Improvements Assessment | $61,086 |
| Land Assessment | $93,425 | Total Assessment | $154,511 |
Property Taxes
Parcel Number
020-361-26
Land Assessment
$93,425
Improvements Assessment
$61,086
Total Assessment
$154,511
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1401 E Peckham Ln
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