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Stabilized Cash Flowing Reno Retail 3000-3090 Mill St 39,048 SF 97% Leased Retail Building Reno, NV 89502 $9,250,000 ($236.89/SF) 6% Cap Rate
Investment Highlights
- Seller Interest Only Financing Available! (Check Data Room)
- Positioned just off the intersection of Mill St and Terminal Way, providing direct exposure to over 38,000 passing vehicles daily.
- Ten-mile population of 429,000 has increased at double the rate of the national average, leading to over $5.6 billion in consumer spending in 2022
- Recently renovated retail center fully occupied by a diverse tenant mix on NNN leases.
- Highly accessible location just five minutes from I-80, ten minutes from downtown, and three minutes from Reno-Tahoe International Airport.
Data Room Click Here to Access
- Seller Financing Terms (Interest Only)
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
39,048 SF
Building Class
C
Year Built/Renovated
1971/2021
Price
$9,250,000
Price Per SF
$236.89
Cap Rate
6%
NOI
$555,000
Percent Leased
97%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
2.57 AC
Zoning
ME - Mixed Employment
Parking
134 Spaces (3.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Fenced Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Monument Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,275 SF
- Industrial
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,275 SF | Industrial | - | Now |
1st Floor
| Size |
| 1,275 SF |
| Space Use |
| Industrial |
| Position |
| - |
| Available |
| Now |
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 013-322-15 | Improvements Assessment | $275,975 |
| Land Assessment | $581,855 | Total Assessment | $857,830 |
Property Taxes
Parcel Number
013-322-15
Land Assessment
$581,855
Improvements Assessment
$275,975
Total Assessment
$857,830
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Matterport 3D Exterior
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