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LOCAL @ Plumb 3 Retail Properties Offered at $6,629,000 in Reno, NV
Investment Highlights
- Fully-leased NNN investment with 14 individual tenants
- Quality tenant mix including food and beverage, professional and personal services, and general retail
- Premier location with frontage along E. Plumb Ln.
- High-traffic area with over 22,000 CPD along E. Plumb Ln.
Executive Summary
This property features 3 building with a combined 14 units leased to a variety of restaurant, retail, professional service, and personal service tenants. Originally built in 1986, this property has undergone recent renovations including new paint, signage, landscaping, parking lot re-slurry, improvements to the facade, and the creation of a new drive aisle creating ease for overflow parking.
Property Facts
| Price | $6,629,000 | Number of Properties | 3 |
| Price / SF | $309.22 / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 21,438 SF |
| Sale Type | Investment NNN | Total Land Area | 4.42 AC |
| Status | Escrow |
| Price | $6,629,000 |
| Price / SF | $309.22 / SF |
| Cap Rate | 7% |
| Sale Type | Investment NNN |
| Status | Escrow |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 21,438 SF |
| Total Land Area | 4.42 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 479-489 E Plumb Ln, Reno, NV 89502 | Retail | 8,786 SF | 1986 | - |
|
Plumb Lane Plaza
465 E Plumb Ln, Reno, NV 89502 |
Retail | 8,773 SF | 1986 | - |
| 499 E Plumb Ln, Reno, NV 89502 | Retail | 3,879 SF | 1986 | - |
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LOCAL @ Plumb
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