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32655825
32655821

7200 Rancharrah Pkwy., Reno, NV 89511

IC
NV B.145434.LLC
Logic Commercial Real Estate Reno
GR
NV 174664
Logic Commercial Real Estate Reno
Listed by Logic Commercial Real Estate Reno
$8,143,000
26 days on market
Updated 26 days ago

Dolce Vita

Details
Property Type Retail
Sub Type Wellness Spa, Medical spa
Square Footage 10,160
Cap Rate 6.77%
NOI $551,223
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 06/30/2031
Rent Bumps Yes
Lease Options Two (2) Five-Year Options
Year Built 2020
Acreage 0.370
Zoning PD
Investment Type Net Lease
Lease Commencement 06/10/2021
Ground Lease No

Single-Tenant Specialty Retail | 6.77% CAP | 10,160 SqFt

Marketing description

LOGIC Commercial Real Estate is pleased to present the sale Dolce Vita at The Village at Rancharrah. The Village at Rancharrah is a +/- 54,729 SF upscale neighborhood retail center located in central Reno. This shopping center was developed in 2020, and benefits from a variety of retail shopping, dining, and specialty service tenants including Dolce Vita Spa, Perenn Bakery, Mari Chuy's Tequileria, Village Dental, and more. The property affronts The Rancharrah community including a +/- 40,000 SF clubhouse and over luxury homes. The area features a heavy daytime population with over 440 businesses within a 0.5-mile radius with easy access from I-580, Kietzke Ln., and S. Virginia St. The Village at Rancharrah 141-Acre master-planned community stands as a premier destination that seamlessly blends modern luxury with the natural beauty of its surroundings. What sets The Village at Rancharrah apart is its exceptional integration of upscale retail development. Beyond its exquisite residences, the community features a meticulously curated retail area that caters to the discerning tastes of its residents. The retail spaces are designed to offer a seamless and sophisticated shopping experience, showcasing a diverse selection of boutiques, specialty stores, and dining establishments.

Investment highlights

  • Long-Term Lease in Place
  • Generational boutique real estate
  • Upscale neighborhood retail center location
  • Developed in 2020 with modern facilities
  • Heavy daytime population with over 440 businesses within 0.5-mile radius
  • Easy access from I-580, Kietzke Ln., and S. Virginia St.
  • Located in The Village at Rancharrah 141-Acre master-planned community

Listing Contacts

IC
NV B.145434.LLC
Logic Commercial Real Estate Reno
GR
NV 174664
Logic Commercial Real Estate Reno
Listed by Logic Commercial Real Estate Reno

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$551,223.00
$45,935.25/mo

Valuation Metrics

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DSCR
6.77%
Cap Rate
6.77%
ROI

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