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Starbucks 9343 Double R blvd 2,465 SF Retail Building Reno, NV 89521 $3,684,000 ($1,494.52/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-year corporate net lease with 10% rental increases every 5 years
- Located at signalized hard corner intersection
- Tax-free state
- Brand-new 2025 build-to-suit construction with drive-thru
- Corporate lease backed by investment grade tenant
- Dense industrial/retail corridor, ~10,000 daytime employees work within a 1-mile radius of the subject property
EXECUTIVE SUMMARY
A 15-year corporate Starbucks lease featuring 10% rental increases every 5 years and three, 5-year extension options. The subject property is located in a dense industrial/residential corridor with ~10,000 daytime employees and another 9,000+ residents within a 1-mile radius providing a substantial customer base for this location.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,465 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$3,684,000
Price Per SF
$1,494.52
Cap Rate
4.75%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.79 AC
Zoning
PUD - Planned urban development
Parking
10 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
446’ on Double R Boulevard
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
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Starbucks | 9343 Double R blvd
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