Bristlecone Brewing Company 785 E 2nd St 5,000 SF Retail Building Reno, NV 89502 $1,145,000 ($229/SF) 6.01% Cap Rate

The Subject Property, 785 E 2nd Street, is a 5,000 square foot commercial building situated on a total of 0.32 acre(s) of land in Reno, Nevada. The property is 100% leased by a local brewery, and is well located just east of Reno’s downtown core.
The existing building was constructed in 1956, and fully renovated by the current tenant in 2014. The building is masonry & brick construction, with a slightly pitched membrane roof. Most commercial buildings in the region with membrane roofs are flat; the existing pitch is a notable benefit. The offering includes two parcels that are 0.16 acres each (totaling 0.32 acres), which collectively provide 19 on-site parking spaces.
The property is fully occupied by IMBIB LLC, who operates Bristlecone Brewing. After signing a lease in 2014 and opening at this location, IMBIB went on to develop a large following over the years. They expanded into the restaurant business as well with another location. Just recently, they ultimately decided to scale back to being solely a brewery again at 785 E 2nd St. (which is their original location). In 2022, IMBIB signed a new 10- year Lease at this location that expires in August of 2032.
Reno has seen tremendous growth in recent years due to an influx of companies seeking the business-friendly tax climate and laws. Further, the addition of companies with an international presence in Technology, Manufacturing, Distribution, Medical, and more has given northern Nevada a robust, diversified economy.
Listed at $1,145,000, or $229.00 per square-foot, this site presents a purchaser the opportunity to acquire a property with great fundamentals near Reno’s downtown core.