2300-2360 Oddie Blvd
Sparks, NV 89431
Evergreen Plaza · Retail Property For Sale

CBRE, Inc., as exclusive advisor, is pleased to offer for sale Evergreen Plaza, located in Sparks, Nevada. The property is a ±81,175 square foot multi-tenant community shopping center anchored by CVS and Savers. Well-positioned at the signalized corner of Oddie Boulevard and El Rancho Drive, Evergreen Plaza offers investors an opportunity to purchase an investment property at well below replacement cost with the benefit of current In Place Income with substantial near-term repositioning/upside potential. The center’s trade area is experiencing a recent surge in commercial real estate activity which includes several reposition or expansion projects along Oddie Boulevard. Renown Hospital recently purchased an adjacent building, and is currently moving forward with plans to build out a future Call Center, which will also house its Population Health Management Organization, Information Technology, and Revenue Cycle offices. Renown is projecting a minimum of 500 new jobs. Directly to the east across El Rancho Drive is a proposed 312-unit apartment community which will bring more residents to the submarket. Additionally, the site’s proximity to the Tesla Gigafactory just east of Sparks (which is projected to add ±22,000 business/community related jobs in total) will benefit the ±113,855 residents in a three (3) mile radius of the property with an average HH income of $47,376.