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2020 Oddie Blvd 19,324 SF Retail Building Sparks, NV 89431 $2,585,000 ($133.77/SF) 6.50% Cap Rate
Investment Highlights
- Prominent single-story retail building
- Ample parking and prominent pylon sign
Executive Summary
Free-standing retail investment occupied by Grocery Outlet. Lease term is 10 years, with (2) 5-year options. Rent is slightly below market rent. NNN lease. Situated on a strong retail corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
19,324 SF
Building Class
C
Year Built
1960
Price
$2,585,000
Price Per SF
$133.77
Cap Rate
6.50%
NOI
$168,025
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.94 AC
Zoning
MUD
Parking
178 Spaces (9.21 Spaces per 1,000 SF Leased)
Frontage
155’ on Oddie Blvd
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 027-412-33 | Improvements Assessment | $206,600 |
| Land Assessment | $295,771 | Total Assessment | $502,371 |
Property Taxes
Parcel Number
027-412-33
Land Assessment
$295,771
Improvements Assessment
$206,600
Total Assessment
$502,371
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2020 Oddie Blvd
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