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- LoopNet Team
470 S Meadows Pky
Reno, NV 89521
Steak n Shake · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Leased Steak 'N Shake
- Rent escalations every year after year 5
- High Traffic - First building right off US Hwy 395/S Meadows Pkwy
- Additional improved PAD (17,468 sf) for lease at $0.30 psf
- Excellent location with freeway visibility
PROPERTY FACTS
AMENITIES
- Drive Thru
ABOUT 470 S MEADOWS PKY , RENO, NV 89521
RE/MAX Premier Properties is pleased to present a great opportunity to purchase 470 South Meadows Pkwy, Reno, NV, a freestanding single tenant retail building operating a Steak ‘n Shake and an improved PAD. Steak ‘n Shake is a nationally recognized fast food chain. 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 and four, five year options to renew. The tenant pays all expense and maintenance including roof and structure. Additional PAD for lease: 17,468 SF improved and ready for a +/-1,500 SF stand alone building (restaurant or retail). Ground lease rate $0.30 psf.
PROPERTY TAXES
| Parcel Number | 160-040-28 | Improvements Assessment | $254,347 |
| Land Assessment | $356,149 | Total Assessment | $610,496 |
PROPERTY TAXES
