Peavine Plaza
Retail | 5.37% CAP | 13,400 SqFt
Marketing description
Colliers Reno is pleased to present a rare opportunity to acquire an irreplaceable, five-tenant, 100% occupied net-leased retail asset located within Peavine Plaza in the rapidly growing Reno market.
This high-performing property is prominently positioned along heavily trafficked North McCarran Boulevard at a signalized intersection, just ± 927 feet from the Interstate 80 on/off ramps. The asset benefits from exceptional regional connectivity via Interstate 80, which links Reno-Sparks to the east and Sacramento to the west. McCarran Boulevard, Reno's primary ring road, serves as a major travel and commuter route. It connects Peavine Plaza to major retail centers, restaurants, the University of Nevada, Downtown Reno, and the area's growing residential neighborhoods.
The property totals approximately 13,400 + square feet on a 2.46-acre parcel and is 100% occupied by five e-commerce-resistant tenants. Occupants include a high-volume 7-Eleven with 12 fuel pumps, Golden Route Operations, LLC, Carl's Jr. with drive-thru, Jimmy's Express Car Wash and Quick Lube, and Instant Smog.
This offering represents an outstanding opportunity to acquire a corporately signed trophy 7-Eleven-anchored property that delivers stable cash flow in an exceptional infill location in northwest Reno. According to Placer.ai, the 7-Eleven at Peavine Plaza ranks in the 98th percentile of all 7-Eleven locations nationwide and third in Nevada for daily visits, with more than 450,700 annual visits.
Investment highlights
- peavineplaza.com
- 5-Tenant NNN Leased Investment | Top 100 7-Elevens Nationwide
- 100% Occupied by five e-commerce-resistant tenants
- High-volume 7-Eleven with 12 fuel pumps ranks in 98th percentile nationwide and 3rd in Nevada for daily visits
- More than 450,700 annual visits to 7-Eleven location
- Prominently positioned along heavily trafficked North McCarran Boulevard at a signalized intersection
- Just ± 927 feet from Interstate 80 on/off ramps
- Exceptional regional connectivity via Interstate 80 linking Reno-Sparks and Sacramento
- McCarran Boulevard serves as Reno's primary ring road and major commuter route
- Connects to major retail centers, restaurants, University of Nevada, Downtown Reno, and growing residential neighborhoods
- Corporately signed trophy 7-Eleven-anchored property
- Stable cash flow from net lease structure
- Exceptional infill location in northwest Reno
- Rent increases built into leases
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