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Brasserie Saint James Restaurant | Abs NNN 901 S Center St

13,646 SF Retail Building Reno, NV 89501 £2,683,612 (£197/SF) 7.50% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease – zero maintenance or expense responsibilities
  • Strong Income Area – average household income is $96,261 in a 5-mile radius
  • Tax Free State – no state income tax in Nevada
  • Personal Guaranty from High Net Worth individual
  • Strategic location – situated in the rapidly growing region of Midtown Reno, 1 mile south of Downtown Reno

EXECUTIVE SUMMARY

• Historic Location – the Building was given a Historic Preservation Award in 2016
• Absolute NNN Lease – zero maintenance or expense responsibilities
• 7.30% (7.44% in February 202
• 2% Annual Rent Increases – excellent hedge against inflation
• Personal Guaranty from High Net Worth individual
• Tenant has invested in new Roof, HVAC, Electrical & Plumbing since 2015

ATTACHMENTS

Reno NV - Brasserie Saint James Restaurant OM

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
13,646 SF
Building Class
B
Year Built/Renovated
1930/2012
Price
£2,683,612
Price Per SF
£197
Net Initial Yield
7.50%
NOI
£201,271
Tenancy
Single
Number of Floors
2
Building FAR
0.81
Lot Size
0.39 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
MU-MC - Mixed-Use Midtown Commercial
Parking
7 Spaces (0.51 Spaces per 1,000 SF Leased)
Frontage
177 ft on S Center St

AMENITIES

  • Restaurant
  • Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Brasserie St James
  • Manufacturing
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Brasserie St James Manufacturing 99,999 SF - Lorem Ipsum Jan 0000

LINKS

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Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Chuy's
Order Express, Inc.
CrossFit
Marketon
Anytime Fitness
Nevada State Bank
U.S. Bank
Starbucks
Chase Bank
Bank of America

PROPERTY TAXES

Parcel Number 011-334-15 Improvements Assessment £235,942
Land Assessment £93,514 Total Assessment £329,456

PROPERTY TAXES

Parcel Number
011-334-15
Land Assessment
£93,514
Improvements Assessment
£235,942
Total Assessment
£329,456
(858) 449-9922

CONTACT

  • Listing ID: 32907031

  • Date on Market: 21/08/2024

  • Last Updated:

  • Address: 901 S Center St, Reno, NV 89501

The Midtown Reno Retail Property at 901 S Center St, Reno, NV 89501 is currently available. Contact SRS Real Estate Partners for more information.

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Brasserie Saint James Restaurant | Abs NNN | 901 S Center St
(858) 449-9922 x

Brasserie Saint James Restaurant | Abs NNN | 901 S Center St

Chuck Klein

(858) 449-9922

(858) 449-9922

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