2299 Oddie Blvd
Sparks, NV 89431
Walgreens · Retail Property For Sale

This Walgreens property represents a fee simple NNN leased investment opportunity in Sparks, Nevada. The asset is corporately guaranteed by Walgreens Co. and offers long-term stability with an absolute NNN lease structure, eliminating landlord responsibilities. The initial 25-year lease commenced in August 2008, with over seven years remaining on the primary term and five ten-year renewal options extending through 2078. The property benefits from a scheduled rent increase in August 2028, enhancing income growth for investors.
Strategically positioned at the signalized intersection of Oddie Boulevard and El Rancho Drive, the site experiences approximately 39,000 vehicles per day, ensuring strong visibility and consistent traffic. Located within a thriving commercial corridor, the property is surrounded by dense residential developments, including Parq Crossing and a planned 108-unit multifamily project, which will further drive consumer demand. The Reno/Sparks market is recognized for its robust economy, proximity to I-80 and I-580, and access to major employers such as Tesla, Google, and Apple. This investment offers predictable cash flow, tax-free income benefits, and long-term upside in a growing region.