2970-2990 Northtowne Ln 47,896 SF 100% Leased 4-Star Retail Building Reno, NV 89512 $10,735,700 ($224.15/SF) 6% Cap Rate

Within the Northtowne Plaza shopping center, two anchor tenant buildings are for sale totaling 45,118 Square Feet. Occupied by Office Depot and Petco. This offers investors a proven income stream with fixed increases from national tenants. In the center there are two other strong tenants in Lee’s Liquor and a Del Taco restaurant, but are not a part of the sale.
The property sits on 8.149 acres at a signalized intersection along McCarran Boulevard on the north side of Reno, just east of a US 395 interchange. McCarran Boulevard is Reno’s “ring road” that extends around both Reno and Sparks and is used as a commuter road with an average daily traffic count of 40,500 vehicles per day in front of the center. Northtowne Plaza is ideally positioned to benefit from the surrounding mix of tenants that include Home Depot, a high volume Winco grocery store, CVS and a number of other retailers.
NNN Leases - Corporate Guarantees
Highly sought after Reno Location
Two quality tenants
Scheduled Increases in Rent
New Roof 2025 with 20 Year Warranty