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645 W 6th St - O'Gara Dental Care Building + Expansion Land 4,704 SF Health Care Building Offered at $1,332,277 in Reno, NV 89503
Investment Highlights
- Great location in the Saint Mary's / Reno Orthopedic / Downtown Medical Center
- Well maintained and 100% leased
- Adjacent to University Neighborhood, with potential for office or residential expansion
Executive Summary
NAI Alliance is pleased to present this unique opportunity to
purchase a net-leased medical building along with additional land
for expansion or redevelopment, right in the core of the Saint
Mary’s Hospital/ROC Medical Center submarket. Close to all the
downtown amenities and serving the UNR submarkets as well,
this established and well-located business is a stable investment
with an opportunity to grow as an expanded development.
O’Gara Dental is a net-leased investment opportunity with
a corporate lease from Signature Dental. Just through the
initial Term which ran from 3/6/2019 - 2/29/2024 (5 years) @
$7,416.67/ mo. Now in term 2: (March 1, 2024 – February 28,
2029) @ $7,787.50/mo (105% of 1st Term) ($2.39 psf, Gross).
Tenant also has a 2nd option for 5 years at end of 2nd term (same
increase to 105% of previous term rent). Holdover Rent: 105%
The Landlord responsibilities are Taxes, Insurance, Maintenance,
Snow Removal, Landscaping, Repairs and Replacements and
Management. The Tenant responsibilities are electricity, water,
sewer, gas, telephone, cable and other utility charges/trash.
purchase a net-leased medical building along with additional land
for expansion or redevelopment, right in the core of the Saint
Mary’s Hospital/ROC Medical Center submarket. Close to all the
downtown amenities and serving the UNR submarkets as well,
this established and well-located business is a stable investment
with an opportunity to grow as an expanded development.
O’Gara Dental is a net-leased investment opportunity with
a corporate lease from Signature Dental. Just through the
initial Term which ran from 3/6/2019 - 2/29/2024 (5 years) @
$7,416.67/ mo. Now in term 2: (March 1, 2024 – February 28,
2029) @ $7,787.50/mo (105% of 1st Term) ($2.39 psf, Gross).
Tenant also has a 2nd option for 5 years at end of 2nd term (same
increase to 105% of previous term rent). Holdover Rent: 105%
The Landlord responsibilities are Taxes, Insurance, Maintenance,
Snow Removal, Landscaping, Repairs and Replacements and
Management. The Tenant responsibilities are electricity, water,
sewer, gas, telephone, cable and other utility charges/trash.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$67,098
|
$14.26
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $67,098 |
| Annual Per SF | $14.26 |
Property Facts
| Price | $1,332,277 | No. Beds | 1 |
| Price Per Bed | $1,332,277 | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1983/2020 |
| Property Type | Health Care | Opportunity Zone |
Yes
|
| Building Size | 4,704 SF |
| Price | $1,332,277 |
| Price Per Bed | $1,332,277 |
| Sale Type | Investment |
| Property Type | Health Care |
| Building Size | 4,704 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built/Renovated | 1983/2020 |
| Opportunity Zone |
Yes |
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 007-530-13 | Improvements Assessment | $88,199 (2026) |
| Land Assessment | $196,212 (2026) | Total Assessment | $284,411 (2026) |
Property Taxes
Parcel Number
007-530-13
Land Assessment
$196,212 (2026)
Improvements Assessment
$88,199 (2026)
Total Assessment
$284,411 (2026)
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645 W 6th St - O'Gara Dental Care Building + Expansion Land
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