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Shops at Legends Marina 1565 E Lincoln Way

16,078 SF 94% Leased Retail Building Sparks, NV 89434 £6,269,663 (£390/SF) 6.35% Net Initial Yield

Investment Highlights

  • Ideal Location and Visibility off Main Entrance to the Outlets at Legends Mega Development The property sits at Scheels
  • Passive Management Opportunity
  • Excellent Tenant Synergy

Executive Summary

100% leased strip center featuring AT&T, Sports Clips, and Dave’s Hot Chicken. Prominent location within Reno’s largest power center “Outlets at Legends” which boasts 10.1M visits per year.

Attachments

ShopsAtLegendsMarina_SparksNV

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,078 SF
Building Class
B
Year Built
2008
Price
£6,269,663
Price Per SF
£390
Net Initial Yield
6.35%
NOI
£398,124
Percent Leased
94%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.21
Land Acres
1.76 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
NUD - New Urban District
Parking
72 Spaces (4.48 Spaces per 1,000 SF Leased)
Frontage
460 ft on Lincoln Way

Amenities

  • Bus Route

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 103
  • 1,000 SF
  • Retail
  • In-Line
  • Now
Space Size Space Use Position Available
103 1,000 SF Retail In-Line Now

103

Size
1,000 SF
Space Use
Retail
Position
In-Line
Available
Now
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1565 E Lincoln Way, Sparks, NV - aerial map view

Nearby Major Retailers

The Habit Burger Grill
Olive Garden Italian Restaurant
Buffalo Wild Wings
Starbucks
America First Credit Union
Everbowl
BJ's Restaurant & Brewhouse
Chase Bank
Outback Steakhouse
Crunch
(925) 744-5178

  • Listing ID: 33335285

  • Date on Market: 27/09/2024

  • Last Updated:

  • Address: 1565 E Lincoln Way, Sparks, NV 89434

The Retail Property at 1565 E Lincoln Way, Sparks, NV 89434 is currently available For Sale. Contact Monarch Commercial Advisors for more information.

Nearby Listings

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1565 E Lincoln Way, Sparks, NV for sale Building Photo- Image 1 of 18
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1565 E Lincoln Way, Sparks, NV for sale Primary Photo- Image 9 of 18
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1565 E Lincoln Way, Sparks, NV for sale Building Photo- Image 10 of 18
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© 2024 CoStar Group

Shops at Legends Marina | 1565 E Lincoln Way
(925) 744-5178 x

Shops at Legends Marina | 1565 E Lincoln Way

David Lucas

(925) 744-5178

(925) 744-5178

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