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Stabilized Cash Flowing Reno Retail 3000-3090 Mill St

39,048 SF 100% Leased Retail Building Reno, NV 89502 £7,298,250 (£187/SF) 6% Net Initial Yield

Investment Highlights

  • Seller Interest Only Financing Available! (Check Data Room)
  • Positioned just off the intersection of Mill St and Terminal Way, providing direct exposure to over 38,000 passing vehicles daily.
  • Ten-mile population of 429,000 has increased at double the rate of the national average, leading to over $5.6 billion in consumer spending in 2022
  • Recently renovated retail center fully occupied by a diverse tenant mix on NNN leases.
  • Highly accessible location just five minutes from I-80, ten minutes from downtown, and three minutes from Reno-Tahoe International Airport.

Attachments

Marketing Brochure/Flyer

Data Room Click Here to Access

  • Offering Memorandum
  • Seller Financing Terms (Interest Only)
  • Operating and Financials
  • Purchase Agreement
  • Third Party Reports
  • Title and Insurance

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
39,048 SF
Building Class
C
Year Built/Renovated
1971/2021
Price
£7,298,250
Price Per SF
£187
Net Initial Yield
6%
NOI
£437,895
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.35
Land Acres
2.57 AC
Zoning
ME - Mixed Employment
Parking
134 Spaces (3.43 Spaces per 1,000 SF Leased)
Frontage
559 ft on Mill St

Amenities

  • Bus Route
  • Corner Lot
  • Fenced Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalised Intersection
  • Monument Signage
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Nearby Major Retailers

Cross Fit Black & Blue
Jazzercise
Bank of America
EquipmentShare
Starbucks
Johnny Rockets
Fat Tuesday
Capriotti's
Dotty’s
Denny's

PROPERTY TAXES

Parcel Number 013-322-15 Improvements Assessment £215,189
Land Assessment £408,074 Total Assessment £623,263

PROPERTY TAXES

Parcel Number
013-322-15
Land Assessment
£408,074
Improvements Assessment
£215,189
Total Assessment
£623,263
(775) 223-4795

  • Listing ID: 26156813

  • Date on Market: 16/05/2023

  • Last Updated:

  • Address: 3000-3090 Mill St, Reno, NV 89502

The Retail Property at 3000-3090 Mill St, Reno, NV 89502 is currently available For Sale. Contact Compass Real Estate for more information.

Nearby Listings

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3000-3090 Mill St, Reno, NV for sale Building Photo- Image 1 of 12
Long standing and diverse tenant mix
3000-3090 Mill St, Reno, NV for sale Building Photo- Image 2 of 12
Unique and attention grabbing signage
3000-3090 Mill St, Reno, NV for sale Building Photo- Image 3 of 12
Prominent pylon signage to Mill Street
3000-3090 Mill St, Reno, NV for sale Building Photo- Image 4 of 12
Recently renovated with updated facades
3000-3090 Mill St, Reno, NV for sale Building Photo- Image 5 of 12
Highly visible and fully occupied retail center
3000-3090 Mill St, Reno, NV for sale Building Photo- Image 6 of 12
Strong frontage to Mill Street, visible to over 38,000 VPD
3000-3090 Mill St, Reno, NV for sale Building Photo- Image 7 of 12
Secondary pylon signage to Terminal Way
3000-3090 Mill St, Reno, NV for sale Building Photo- Image 8 of 12
Ample onsite parking
3000-3090 Mill St, Reno, NV for sale Building Photo- Image 9 of 12
Suites with drive-in doors perfect for auto work
3000-3090 Mill St, Reno, NV for sale Building Photo- Image 10 of 12
Rear drive-in door
3000-3090 Mill St, Reno, NV for sale Building Photo- Image 11 of 12
Garage and storage spaces

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Connect with us

© 2024 CoStar Group

Stabilized Cash Flowing Reno Retail | 3000-3090 Mill St
(775) 223-4795 x

Stabilized Cash Flowing Reno Retail | 3000-3090 Mill St

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YaYa Jackoby

(775) 223-4795

(775) 223-4795

Ro Azulay, CCIM

(775) 525-3000

(775) 525-3000

Louie Damonte

(775) 313-8297

(775) 313-8297

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