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- LoopNet Team
470 S Meadows Pky
Reno, NV 89521
Steak n Shake · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Drive Thru
ABOUT 470 S MEADOWS PKY , RENO, NV 89521
Kevin Annis, SIOR, CCIM and Mike Van Blaricom of ArchCrest Commercial Partners are proud to present 470 South Meadows Pkwy, Reno, NV, a freestanding single tenant retail building operating a Steak ‘n Shake. The building consists of 2,973± square feet and is built on a 1.198 acre lot. Steak ‘n Shake is a nationally recognized fast food chain, with this location operated by Great Basin SNS LLC. This location is truly ideal for a fast food tenant, with excellent freeway exposure. The building is in excellent condition, constructed in 2017. This offering provides an opportunity for the investor looking for an absolute triple-net (NNN) lease that requires no management responsibilities. Eight years remain on the original ten year lease term with three percent increases every five years and four, five year options to renew. The tenant pays all expense and maintenance including roof and structure.
PROPERTY TAXES
| Parcel Number | 160-040-28 | Improvements Assessment | $254,347 |
| Land Assessment | $356,149 | Total Assessment | $610,496 |
PROPERTY TAXES
