Listed by Ferrari-Lund Real Estate South
$7,250,000
Three Flags Retail Mall
Details
APN 088-201-63
Property Type Retail
Sub Type Shopping Center, strip center
Square Footage 21,385
Cap Rate 5.33%
NOI $386,940
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $339
Class B
Year Built 2010
Stories 1
Acreage 1.815
Zoning GC
Parking Spaces 85 spaces
Parking per 1,000 SqFt 3.97
Retail | 5.33% CAP | 21,385 SqFt
Marketing description
Introducing an exceptional investment opportunity at 1130 N Hills Blvd in Reno, NV. This impressive property features a 21,385 SF building with three units, offering a lucrative investment for retail/strip center investors. Built in 2011 and zoned GC, the property boasts 100% , providing investors with immediate rental income and a strong tenant base. This turnkey retail/ strip center presents an attractive proposition for those seeking a high-performing asset in the thriving Reno market
Investment highlights
- Sale Price $7,250,000
- APN 088-201-63
- Building Size 21,385 Sf
- Lot Size 79,053 Sf | 1.815 Ac
- Building Class Class B Property Type Retail
- Building Height 1 Story
- Tenancy Multiple Tenants: Dollar Tree, Anytime Fitness, My Kids Dental
- Parking 85 Parking Spaces & Designated ADA Parking
- Frontage 202’ on N. Hills Blvd. & 227’ on US 395 HWY
- Cap Rate 5.33%
- Noi $386,940
- Year Built 2010
- Zoning Gc
Listing Contacts
Listed by Ferrari-Lund Real Estate South
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$386,940.00
$32,245.00/mo
Valuation Metrics
0
DSCR
5.34%
Cap Rate
5.34%
ROI
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