Retail Business for Sale in Reno, NV

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Reno, NV 89519

Description

This Class “A” Medical Office Building is located at Caughlin Crossing, at the gateway to the Caughlin Ranch and Eaglesnest communities, which provide some of the highest income demographics for the entire Reno-Sparks MSA. The median home price in the one-mile radius of the property is $795,130. The average household income in the one-mile radius of the property is $183,070. The building sits on just over one-half acre and is part of the Caughlin Ranch master planned community and part of the owners’ association. There are acres and acres of greenbelts with walking trails, creeks, duck ponds, a full service tennis and athletic club and other professional office buildings servicing the community. Investment Highlights: • A Five-Year Absolute Net Lease with Zero Landlord Responsibility • Two Percent (2.0%) Annual Base Rental Increases as An Inflation Hedge • Located at the Gateway to Caughlin Ranch, Reno's Premier Master Planned Upscale Community

Market Context

This retail in Reno, NV is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Reno, NV — <a href="/search/sale/retail/nevada/reno">view the full market</a>.

As of Q4 2019, the Reno retail market showed a 8.0% vacancy rate, and average asking rents near $12.84/SF/yr. Source: Colliers Q4 2019 market report.

Retail market FAQ

Is the Reno retail market tightening or softening?
Vacancy is around 8.0% (Q4 2019).

Unified Estimate

Very Low Confidence

$27.06/SF – $36.60/SF

Mid: $31.83/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market pittsburgh (similarity: 100%) with 13 comparable listings.

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