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29329091
29329092

1770 Dori Way, Carson City, NV 89706

RL
CA CA 01940384
CIRE Partners
AG
CA CA 01895830
CIRE Partners
Voit Real Estate Services San Diego
Listed by CIRE Partners, Voit Real Estate Services San Diego
$5,333,337
137 days on market
Updated 26 days ago

Corp. Safelite & L&N Rentals - Carson City, NV

Details
APN 008-161-77
Property Type Industrial, Retail
Sub Type Flex
Square Footage 12,120
Cap Rate 5.61%
NOI $299,439
Occupancy 100%
Tenancy Multi
Brand/Tenant Safelite AutoGlass, L&N Party Rentals
Lease Type NNN
Rent Bumps Yes
Price per SqFt $440
Broker Co-Op Yes
Year Built 1974
Year Renovated 2024
Acreage 0.990
Zoning RC (Retail Commercial)
Parking Spaces 46 per 1,000 sq ft
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple - Land & Building

2024 Ground-Up Renovation | 100% Occupied | Interstate-580 Visibility

Investment highlights

NNN LEASES PROVIDE A PASSIVE INVESTMENT AND INCOME

Tenants operate under absolute NNN leases with no landlord responsibilities, insulating a buyer from potential increases in capital expenditures and operating expenses.

LONG-TERM CORPORATE LEASE WITH SAFELITE AUTO GLASS

Base lease term with Safelite runs until August 2034, and they have two 5-year options to extend. Safelite is the largest auto glass repair and replacement company in the U.S., currently operating over 7,100 locations and mobile units nationwide and backed by Belron, the world’s leading vehicle glass repair group operating in 40+ countries, performing millions of windshield repairs and replacements annually.

SECURE CASH FLOW AND FIXED RENT INCREASES

With ±8.5 years remaining on the Safe lease and ±7 years remaining on the L&N Party Rentals, and fixed annual rent increases, this property provides a future owner with additional cash flow and return on investment, along with a protection against inflation.

COMPLETE REMODEL - 100% OCCUPIED

Ground-up renovation completed in 2024, delivering a fully modernized asset with best-in-class construction and strong in-place tenancy.

HIGHWAY-50 AND INTERSTATE-580 EXPOSURE

The property is strategically located just off U.S. Highway 50 with immediate access to Interstate 580, two of Northern Nevada’s primary transportation corridors. This positioning provides direct connectivity to Reno, Lake Tahoe, and the greater Reno–Tahoe economic region, while offering excellent accessibility for daily commuters, regional traffic, and logistics. The site benefits from strong visibility and ease of ingress and egress, reinforcing long-term tenant desirability and supporting sustained commercial demand.

NO STATE TAX

Nevada has a business and investor-friendly tax environment, with no state personal income tax, corporate income tax, franchise tax, inheritance tax, or gift tax.

Listing Contacts

RL
CA CA 01940384
CIRE Partners
AG
CA CA 01895830
CIRE Partners
Voit Real Estate Services San Diego
Listed by CIRE Partners, Voit Real Estate Services San Diego

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$299,439.00
$24,953.25/mo

Valuation Metrics

0
DSCR
5.61%
Cap Rate
5.61%
ROI

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