Listed by Dickson Commercial Group
$2,650,000
1055 N Hills Blvd
Details
APN 502-120-19
Property Type Office
Sub Type Traditional Office, Medical Office
Square Footage 5,568
Cap Rate 6.73%
Tenancy Multi
Lease Type NNN
Year Built 2001
Year Renovated 2025
Buildings 1
Acreage 0.676
Zoning General Commercial
Parking Spaces 32 spaces
Parking Per SqFt 5.75
Office | 6.73% CAP | 5,568 SqFt
Marketing description
DCG is pleased to present 1055 N. Hills Blvd for sale. This investment opportunity features a multi-tenant commercial property situated on approximately ±0.676 acres with ±32 parking spaces.
Suite A (±4,568 SF)
- Occupied by Desert Valley Dental (AHV Network Holdings Reno).
- Initial 10-year NNN lease with expiration on February 28, 2035.
- Annual rent increases of 3%.
Suite B (±1,000 SF Total)
- State Farm currently occupies approximately 500 SF on a month-to-month basis.
- Remaining approximately 500 SF is available for lease.
- Additional ±508 SF storage/mezzanine area not included in the stated building square footage.
The property offers excellent visibility from US Highway 395 North and is strategically located adjacent to major retailers, service providers, and employers, including Raley’s Grocery, Renown Health, US Bank, USPS, Subway, Greater Nevada Credit Union, Amazon, and numerous national retailers and corporate tenants.
Investment highlights
- Suite A (4,568+ SF) Desert Valley Dental (AHV Network Holdings Reno).
- Initial 10 year NNN lease expiring 2/28/2035. 3% annual rent increases.
- Suite B (1,000 SF total) State Farm occupies 500+ SF month-to-month; remaining 500+ SF available for lease. Additional ±508 SF storage/mezzanine not included in building SF.
- .676+/- acres; 32+/- parking spaces.
- Visibility from US 395N, adjacent to Raley's Grocery, Renown Health, US Bank, USPS, Subway, Greater Nevada Credit Union, Amazon and various nation retailers and corporate tenants.
Listing Contacts
Listed by Dickson Commercial Group
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Zoning
GC CommercialGeneral CommercialGeneral Commercial
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