1495 E Prater Way
Sparks, NV 89434
Marina Marketplace at Sparks, Nevada. · Retail Property For Sale

Located in Sparks, Nevada, sister City to Reno, Nevada, Marina Marketplace Shopping Center is a Premier Retail Strip Center featuring a mix of both national and strong local tenants and is priced well below replacement cost. The Sparks Central, along with the entire Reno/Sparks metropolitan area, is experiencing strong fundamentals with average vacancy rates in the metro area below ten percent. Marina Marketplace provides investors with a unique opportunity to acquire a premium strip center located in an outstanding location with a stabilized tenant component. Marina Marketplace has retailer preferred head in parking and street facing storefronts at one of Sparks busiest intersections. In addition, the property offers full access and several points of ingress and egress for easy customer access. The property is proximate to the freeway interchange and a super regional shopping center called the Legends at Sparks Marina with more than 30,000 cars per day combined going by the property. A large pylon sign accompanied by several monument signs and prolific building signage offer retailers’ excellent visibility to their stores. The property has recently undergone parking lot resurfacing and stripping improvements giving it a like new appearance for tenants and customers alike. With only two vacancies remaining the area provides space to upgrade amenities at the property that will be a terrific draw for new retailers. Notable Tenants neighboring the property include: Scheels, Burlington Coat Factory (Coming Soon), Best Buy, Target, Lowes, IMAX Theaters, Chick Fill-A, Starbucks, BJ's Brewhouse, Outback Steak House, Chipotle, Olive Garden to name a few Regional draw to the intersection with synergistic components of retail restaurants and service based retail in the in mediate trade area. Rent growth momentum with 2017-2018 new leases increasing to $22.60 average from $18.40 in 2016-2017.