www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28958001
28958002

2970 & 2990 Northtowne Ln, Reno, NV 89512

JB
NV NV B/S.41614.LLC, NV BS.41614.LLC
NVCG
Listed by NVCG
$10,735,700
169 days on market
Updated 7 days ago

Northtowne Plaza

Details
APN 026-031-37 | 026-031-39
Property Type Retail
Sub Type Shopping Center
Square Footage 45,118
Units 2
Cap Rate 6%
NOI $644,142
Brand/Tenant Petco, Office Depot
Price per SqFt $238
Zoning GC
Occupancy Date 01/01/1999

Retail | 6.00% CAP | 45,118 SqFt

Marketing description

Within the Northtowne Plaza shopping center, two anchor tenant buildings are for sale totaling 45,118 Square Feet. Occupied by Office Depot and Petco. This offers investors a proven income stream with fixed increases from national tenants. In the center there are two other strong tenants in Lee’s Liquor and a Del Taco restaurant, but are not a part of the sale.

The property sits on 8.149 acres at a signalized intersection along McCarran Boulevard on the north side of Reno, just east of a US 395 interchange. McCarran Boulevard is Reno’s “ring road” that extends around both Reno and Sparks and is used as a commuter road with an average daily traffic count of 40,500 vehicles per day in front of the center. Northtowne Plaza is ideally positioned to benefit from the surrounding mix of tenants that include Home Depot, a high volume Winco grocery store, CVS and a number of other retailers

Investment highlights

NNN Leases - Corporate Guarantees

Highly sought after Reno Location

Two quality tenants

Scheduled Increases in Rent

New Roof 2025 with 20 Year Warranty

Listing Contacts

JB
NV NV B/S.41614.LLC, NV BS.41614.LLC
NVCG
Listed by NVCG

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$644,142.00
$53,678.50/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Jack Brower
License
NV B/S.41614.LLC
Brokerage
Nevada Commercial Group
Brokerage Phone
775-721-7023
Title
Broker/Salesman
Brokerage Address
301 West Washington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591