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1820 US Hwy 50 East 4,038 SF 100% Leased Retail Building Carson City, NV 89701 $1,650,000 ($408.62/SF) 5.38% Cap Rate
Investment Highlights
- Hwy 50/E. William Frontage
- Established Anchor Tenant
- New HVAC Unit installed 2024
- High Traffic
- Building Well Maintained
Executive Summary
Excellent investment opportunity in the heart of Carson City’s established retail corridor. Located at 1820
E. William Street, this approximately 4,038 SF multi-tenant retail property offers stable income with a
strong 5.38% cap rate and long-standing tenant history.
The property is anchored by Little Caesars, featuring a highly desirable drive-thru component, along with
La Michoacana Paleteria, a popular specialty dessert and ice cream tenant serving the growing local
community. Positioned along heavily traveled E. William Street with excellent visibility, access, and
surrounding commercial synergy, the property benefits from consistent consumer traffic and a central Carson
City location.
This well-located asset presents an attractive opportunity for investors seeking reliable cash flow,
established tenancy, and long-term upside in Northern Nevada’s capital market.
E. William Street, this approximately 4,038 SF multi-tenant retail property offers stable income with a
strong 5.38% cap rate and long-standing tenant history.
The property is anchored by Little Caesars, featuring a highly desirable drive-thru component, along with
La Michoacana Paleteria, a popular specialty dessert and ice cream tenant serving the growing local
community. Positioned along heavily traveled E. William Street with excellent visibility, access, and
surrounding commercial synergy, the property benefits from consistent consumer traffic and a central Carson
City location.
This well-located asset presents an attractive opportunity for investors seeking reliable cash flow,
established tenancy, and long-term upside in Northern Nevada’s capital market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,038 SF
Building Class
B
Year Built
2007
Price
$1,650,000
Price Per SF
$408.62
Cap Rate
5.38%
NOI
$88,770
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.44 AC
Zoning
GC
Amenities
- Signage
- Drive Thru
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 1,381 SF
- -
- Triple Net
- -
Little Caesars began in 1959 when Mike and Marian Ilitch opened a single pizza restaurant in suburban Detroit. The company grew through franchising and later expanded into international markets, with business materials describing a model centered on quality, convenience, and value. Today, Little Caesars focuses on pizza restaurants, franchise development, and carryout-oriented service, while also supporting community programs such as the Love Kitchen and fundraising initiatives.
- Paleteria La Michoacana
- Accommodation and Food Services
- 2,743 SF
- -
- Triple Net
- May 2025
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 1,381 SF | - | Triple Net | - | |
| Paleteria La Michoacana | Accommodation and Food Services | 2,743 SF | - | Triple Net | May 2025 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 002-368-27 | Improvements Assessment | $146,739 |
| Land Assessment | $88,679 | Total Assessment | $235,418 |
Property Taxes
Parcel Number
002-368-27
Land Assessment
$88,679
Improvements Assessment
$146,739
Total Assessment
$235,418
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1820 US Hwy 50 East
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