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305 Lemmon Dr
Reno, NV 89506
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High traffic counts & hard corner – Strategically situated on the corner of Lemmon Dr. and Vista Pkwy, which benefits from a combined ±35,000 cars pas
- New developments nearby – Approximately ±4,000,000 SF of industrial developments have been built within a 5-mile radius of the property since 2014. Na
- Income tax free state – Nevada has one of the nation’s most attractive tax climates, being one of only nine states nationwide with no state income tax
- Zero landlord obligations – This investment is an absolute NNN lease which allows hands-off ownership.
- Long term operating history – This Walgreens was constructed in 2009 and has been in operation for over 15 years.
EXECUTIVE SUMMARY
Broker of Record
David Harrington
License # B.1003120.CORP (NV)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
David Harrington
License # B.1003120.CORP (NV)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2009
Price
$5,058,776
Price Per SF
$341.35
Cap Rate
8.50%
NOI
$429,996
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.32 AC
Zoning
AC - Commercial
Parking
40 Spaces (2.7 Spaces per 1,000 SF Leased)
Frontage
293’ on Lemmon Dr
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 086-380-27 | Improvements Assessment | $579,932 |
| Land Assessment | $401,083 | Total Assessment | $981,014 |
PROPERTY TAXES
Parcel Number
086-380-27
Land Assessment
$401,083
Improvements Assessment
$579,932
Total Assessment
$981,014
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