5235 sun valley blvd
Sun Valley, NV 89433
Land For Sale · 3.10 AC

We are pleased to present the opportunity to acquire 3 acres of land located on high-traffic Sun Valley Blvd in Sun Valley, NV. Located just 5 minutes from Downtown Reno, the subject property consists of 3 one-acre parcels with excellent visibility and frontage on Sun Valley Blvd. The 3-acre parcels are currently improved with a ~50,000 SF highly-successful self-storage facility owned and operated by the Ground Lessee. The land is being sold subject to the ground lease with an expiration date of 2038, at which time the landowner will have an opportunity to benefit from major upside potential. In-place annual NOI is currently approximately $45,700 and is calculated based on the Land-Assessed-Value as determined annually by the Washoe County Assessor. The assessed value adjusts annually and there are no limits to annual rent increases. The subject property is a generational asset that is ideal for a long-term retirement plan and/or estate planning. The property could also serve as an ideal 1031 exchange property and attractive alternative to a McDonald’s or Starbucks NNN-leased property. Please sign Loopnet's/Costar's Confidentiality Agreement to review detailed financials, lease information, etc. Call the listing contact or send a message for more information. 3% commission offered to selling broker.