250 Fairview Dr | Carson City, NV 89701
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250 Fairview Dr
Carson City, NV 89701
PetSmart Below-Market | New 15-Yr Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand-Backed Security: Lease guaranteed by PetSmart, Inc.—a $11B+ national retailer with over 1,660 stores and 50,000+ employees.
- New 15-Year Lease: Recently extended through 2040, featuring scheduled rent escalations and three 5-year renewal options.
- Resilient Industry: Pet care remains a necessity-driven, recession-resistant sector with strong long-term fundamentals
- Below-Market Rent: Currently leased at $14.50/SF, offering significant upside in a market where retail rents approach $30/SF.
- Robust Economic Growth: Nevada reported 6.0% GDP growth in 2024, supported by expansion in tech, logistics, and clean energy sectors.
- Minimal Landlord Responsibilities: Landlord responsible only for roof, structure, and parking—offering a highly passive investment
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
18,384 SF
Building Class
B
Year Built/Renovated
2002/2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.45 AC
Zoning
RC - General Commercial
Parking
105 Spaces (5.71 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 004-012-29 | Improvements Assessment | $471,690 |
| Land Assessment | $220,610 | Total Assessment | $692,300 |
PROPERTY TAXES
Parcel Number
004-012-29
Land Assessment
$220,610
Improvements Assessment
$471,690
Total Assessment
$692,300
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