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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
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
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 family-owned pizza restaurant in Michigan, establishing the business that grew into Little Caesar Enterprises. The company operates a pizza restaurant chain built around carryout service and franchising, with a business model centered on simple restaurant execution and expansion through franchise ownership. Little Caesars has grown beyond its U.S. origins into a broad restaurant network with a presence across the United States and in international markets. The company provides franchise development support and related operational materials for prospective and existing operators.
- 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 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 002-368-27 | Improvements Assessment | $146,739 |
| Land Assessment | $88,679 | Total Assessment | $235,418 |
Property Taxes
Contact the Sale Advisor
1820 US Hwy 50 East