750 N Virginia St, Reno, NV 89501

Matthew Harris

PRO

NV B.1002868.llc

Ben Harris

Christian Stolo

Listed by Street Commercial Real Estate, LLC

Unpriced

86 days on market

Updated 56 days ago

750 N Virginia / University Walgreens

Details

APN

007-216-31

Property Type

Retail

Sub Type

Grocery Store, Pharmacy/Drug (+1)

Square Footage

14,904

NOI

$456,999

Occupancy

100%

Tenancy

Single

Brand/Tenant

Walgreens

Lease Type

Lease Expiration

12/30/2064

Remaining Term

38.6

Acreage

1.762

Zoning

MD-UD (Mixed-Use Downtown)

Investment Type

Net Lease

High Yield Walgreens, Infill / University Location

Marketing description

This asset offers investors a high-yield corporate net-lease opportunity in a supply-constrained urban corridor. The flat rent structure after 2027 creates a fixed-income profile, positioning the property more like a bond alternative with real estate optionality. Investors who value durable cash flow, long-term land control, or future redevelopment potential will find this to be a dicfferentiated net-lease investment relative to traditional fee-simple Walgreens assets.

Investment highlights

APN: 007-216-31
Lot Size: 1.762 AC
Building Size: 14,904 SF
1.762 AC Lot
Zoning: MD-UD (Mixed-Use Downtown)
Current Tenant: Walgreens, Inc
The University/Downtown submarket has remained a steady and reliable performer, demonstrating consistent and healthy growth over the past decade. Property owners and tenants are largely entrenched, with limited turnover expected in the near term.
Its close proximity to the University of Nevada, Downtown Reno, and the surrounding casino, retail, and business districts drives strong vehicle and pedestrian traffic, further enhanced by direct access to the 1-80 off-ramp and the South Virginia Street corridor.