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3004-3098 Kietzke Ln 24,753 SF 100% Leased Retail Building Reno, NV 89502 $4,590,000 ($185.43/SF) 6.50% Cap Rate
Investment Highlights
- Prime Kietzke Lane Location with strong traffic counts and excellent visibility
- 100% leased to a diverse mix of restaurant, retail, and service tenants
- Value-add potential through rent growth and exterior upgrades
- 24,753 SF multi-tenant retail center with stable, long-term occupants
- Ample surface parking with easy access and signage opportunities
- Minutes from Midtown Reno and Reno–Tahoe International Airport
Executive Summary
Sidley Real Estate International is pleased to present a multi-tenant retail investment opportunity located in the heart of Reno’s bustling Kietzke Lane corridor.
Clarkson Plaza is a 24,753 SF neighborhood retail center comprised of eleven tenants, featuring a diverse mix of restaurant, service, and retail businesses. Current tenants include Dollar Plus Mini Mart, Reno Pho, Panaderia la Espiga Bakery, Big O Tires, and more.
The property sits along one of Reno’s highest-traffic commercial streets, offering excellent visibility, access, and strong surrounding demographics. With stable occupancy and upside potential through rent growth and exterior upgrades, Clarkson Plaza represents a strong investment opportunity in a high-demand trade corridor minutes from Midtown Reno and the Reno–Tahoe International Airport.
Clarkson Plaza is a 24,753 SF neighborhood retail center comprised of eleven tenants, featuring a diverse mix of restaurant, service, and retail businesses. Current tenants include Dollar Plus Mini Mart, Reno Pho, Panaderia la Espiga Bakery, Big O Tires, and more.
The property sits along one of Reno’s highest-traffic commercial streets, offering excellent visibility, access, and strong surrounding demographics. With stable occupancy and upside potential through rent growth and exterior upgrades, Clarkson Plaza represents a strong investment opportunity in a high-demand trade corridor minutes from Midtown Reno and the Reno–Tahoe International Airport.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
24,753 SF
Building Class
C
Year Built
1963
Price
$4,590,000
Price Per SF
$185.43
Cap Rate
6.50%
NOI
$298,350
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
1.73 AC
Zoning
GC - General Commercial
Frontage
75,358’ on Gentry Way & Kietzke Ln
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 020-141-16 | Improvements Assessment | $300,321 |
| Land Assessment | $551,244 | Total Assessment | $851,564 |
Property Taxes
Parcel Number
020-141-16
Land Assessment
$551,244
Improvements Assessment
$300,321
Total Assessment
$851,564
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Presented by
Sidley Real Estate International LLC
3004-3098 Kietzke Ln
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