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3947-3959 S Carson St
Carson City, NV 89701
Retail Property For Sale


Investment Highlights
- Fully-Occupied Retail Bldg within Southgate Shopping Center
- Center Co-Tenants: Hobby Lobby, Ross, Olive Garden
- Tenants: Wing Stop, Baskin Robbins, Subway, Jackson Hewitt
Executive Summary
This multi-tenant retail building sits within Carson City's established Southgate shopping center, fronting directly on S Carson Street with excellent visibility and a dedicated monument sign just for this parcel. The 7,948 SF building is fully leased to five tenants, including national credit tenants Baskin Robbins, Subway, Wing Stop, and Jackson Hewitt, providing a stabilized, service-oriented income stream. As part of the broader Southgate center, the property draws from the daily traffic generated by major national co-tenants including Hobby Lobby, JCPenney, Ross, Big 5 Sporting Goods, McDonald's, Olive Garden, and Nevada State Bank, benefiting from the center's proven regional draw. Its location just 0.6 mi from the I-580 / US-395 / US-50 interchange places the asset at one of the market's most heavily trafficked commercial nodes. With strong frontage, established tenancy, and a premier retail setting, the property presents a turnkey, income-producing opportunity for investors seeking stabilized cash flow in a growing Northern Nevada market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,948 SF
Building Class
B
Year Built
1995
Price
$2,700,000
Price Per SF
$339.71
Cap Rate
5.43%
NOI
$146,610
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.98 AC
Zoning
GC - General Commercial
Parking
30 Spaces (3.77 Spaces per 1,000 SF Leased)
Frontage
125’ on Carson St
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 009-125-10 | Improvements Assessment | $275,861 |
| Land Assessment | $183,762 | Total Assessment | $459,623 |
Property Taxes
Parcel Number
009-125-10
Land Assessment
$183,762
Improvements Assessment
$275,861
Total Assessment
$459,623
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