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2975 Vista Blvd
Sparks, NV 89434
Vista Blvd. Portfolio · Retail Property For Sale
·
8,123 SF Total
Investment Highlights
- Multi-tenant retail investment opportunity across three parcels totaling ±8,388 SF
- Includes a Wells Fargo ATM ground lease
- Value-add opportunity through lease-up of remaining vacancy and mark-to-market of below-market rents
- 88% occupied with a diverse mix of service and retail tenants
- Signalized corner location at Vista Blvd. (±28,700 CPD) & Baring Blvd.
Executive Summary
LOGIC Commercial Real Estate is pleased to present a ±8,388 SF multi-tenant retail investment opportunity located at 2965 & 2975 Vista Blvd. and 1963 Baring Blvd. in Sparks, NV. Positioned at the signalized intersection of Vista Blvd. (±28,700 CPD) and Baring Blvd., the property benefits from strong visibility and access within an established, densely rooftop-surrounded trade area of Sparks.
The offering is currently well-occupied by a diverse mix of service and retail tenants, including a national credit ATM ground lease providing stable, long-term income with contractual rent increases. A small amount of vacancy remains, offering an immediate lease-up opportunity for a new owner.
The property represents a compelling value-add opportunity through continued mark-to-market of below-market in-place rents and lease-up of the remaining vacancy, offering meaningful upside for an investor willing to execute a light lease-up and renewal strategy.
Comprised of three parcels totaling ±1.24 acres, the property sits within a dense retail corridor near national credit tenants including Walgreens, Safeway, CVS Pharmacy, US Bank, Starbucks, and Smith's, benefiting from strong daytime traffic and consistent consumer demand. The Sparks trade area continues to see steady population and income growth, with a 5-mile radius average household income of $114,269 (projected to reach $131,233 by 2031) and a daytime population of 158,040.
Northern Nevada's broader economic momentum further supports the investment thesis, with the region experiencing 229% employment growth since 2020, over $15 billion in planned and under-construction development, and continued expansion of the Tahoe-Reno Industrial Center — the largest industrial park in the world. Nevada's tax-friendly business climate, including no corporate or personal income tax, continues to attract relocating companies and residents, reinforcing long-term demand fundamentals across Washoe County retail.
This offering is well-suited for a value-add or 1031 exchange investor seeking a stable, in-place income stream with clear upside potential through lease-up and rent growth in a high-growth Northern Nevada submarket.
Pricing and financial details are available upon execution of a confidentiality agreement.
The offering is currently well-occupied by a diverse mix of service and retail tenants, including a national credit ATM ground lease providing stable, long-term income with contractual rent increases. A small amount of vacancy remains, offering an immediate lease-up opportunity for a new owner.
The property represents a compelling value-add opportunity through continued mark-to-market of below-market in-place rents and lease-up of the remaining vacancy, offering meaningful upside for an investor willing to execute a light lease-up and renewal strategy.
Comprised of three parcels totaling ±1.24 acres, the property sits within a dense retail corridor near national credit tenants including Walgreens, Safeway, CVS Pharmacy, US Bank, Starbucks, and Smith's, benefiting from strong daytime traffic and consistent consumer demand. The Sparks trade area continues to see steady population and income growth, with a 5-mile radius average household income of $114,269 (projected to reach $131,233 by 2031) and a daytime population of 158,040.
Northern Nevada's broader economic momentum further supports the investment thesis, with the region experiencing 229% employment growth since 2020, over $15 billion in planned and under-construction development, and continued expansion of the Tahoe-Reno Industrial Center — the largest industrial park in the world. Nevada's tax-friendly business climate, including no corporate or personal income tax, continues to attract relocating companies and residents, reinforcing long-term demand fundamentals across Washoe County retail.
This offering is well-suited for a value-add or 1031 exchange investor seeking a stable, in-place income stream with clear upside potential through lease-up and rent growth in a high-growth Northern Nevada submarket.
Pricing and financial details are available upon execution of a confidentiality agreement.
Property Facts
| Price / SF | $295.46 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 8,123 SF |
| Status | Active | Total Land Area | 0.69 AC |
| Number of Properties | 3 |
| Price / SF | $295.46 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 8,123 SF |
| Total Land Area | 0.69 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2975 Vista Blvd, Sparks, NV 89434 | Retail | 5,000 SF | 2004 | - |
| 2965 Vista Blvd, Sparks, NV 89434 | Retail | 3,123 SF | 2003 | - |
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