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Shops at Ironhorse 663-673 N Mccarran Blvd 4,828 SF 100% Leased Retail Building Sparks, NV 89431 $2,115,000 ($438.07/SF) 6% Cap Rate
Investment Highlights
- Ideal Location within Grocery Anchored Center
- Prime Access Along A Vital Regional Thoroughfare
- Sparks: Rapidly Growing and Pro-Business
- Exceptional Historical Occupancy & Tenant Retention
- Durable Income with Annual Rent Growth
- Located in the Reno MSA, an Established Technology Hub
Executive Summary
This is the kind of strip center investors chase. Shops at Ironhorse is a 100% leased NNN retail strip with a long track record of tenant retention, located inside a FoodMaxx-anchored power center in the heart of Sparks, NV. Every tenant has renewed at least once, most have been in place for 10+ years, and annual rent increases are already baked in. Positioned just off Interstate 80 in Sparks—one of the fastest-growing metros in the country—this asset benefits from strong demographics, consistent traffic, and a pro-business Nevada environment with no state income tax.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
4,828 SF
Building Class
B
Year Built/Renovated
1983/1990
Price
$2,115,000
Price Per SF
$438.07
Cap Rate
6%
NOI
$126,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.86 AC
Zoning
MUD / City of Sparks - Mixed Use
Parking
36 Spaces (7.46 Spaces per 1,000 SF Leased)
Frontage
54’ on Mccarran Blvd
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Ironwood Games
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Ironwood Games | Retailer | - | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 033-152-29 | Improvements Assessment | $111,532 |
| Land Assessment | $183,079 | Total Assessment | $294,611 |
Property Taxes
Parcel Number
033-152-29
Land Assessment
$183,079
Improvements Assessment
$111,532
Total Assessment
$294,611
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Shops at Ironhorse | 663-673 N Mccarran Blvd
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