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Indian Hills Plaza 931-939 Mica Dr 27,649 sq ft 100% Let Retail Property Carson City, NV 89705 £5,180,108 (£187.35/sq ft) 5.17% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Heavy traffic counts
  • Located in a great spot with easy access and lots of residents nearby
  • Lots of foot traffic during business hours

EXECUTIVE SUMMARY

This well-established commercial complex consists of four buildings with a total leasable square footage of 26,901 and 16 total units, many of which are occupied by long-term tenants. The property generates an annual net operating income of $371,364, with total revenues of $461,364 and expenses of $90,000. With approximately 10,000 square feet of roughed-out space available for lease at a competitive rate of $1.50 per square foot ($1.10 for rent and $0.40 for CAMs), there is substantial income potential. If fully leased, the cap rate could reach nine percent. Given that replacement costs exceed $12 million, this is a rare opportunity to acquire a high-performing asset well below today’s construction costs. Whether seeking stable cash flow or a value-add investment, this property presents an outstanding opportunity

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER sq ft
Gross Rental Income £345,114 £12.48
Other Income - -
Vacancy Loss - -
Effective Gross Income £345,114 £12.48
Taxes - -
Operating Expenses £67,323 £2.43
Total Expenses £67,323 £2.43
Net Operating Income £277,791 £10.05

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual £345,114
Annual Per sq ft £12.48
Other Income
Annual -
Annual Per sq ft -
Vacancy Loss
Annual -
Annual Per sq ft -
Effective Gross Income
Annual £345,114
Annual Per sq ft £12.48
Taxes
Annual -
Annual Per sq ft -
Operating Expenses
Annual £67,323
Annual Per sq ft £2.43
Total Expenses
Annual £67,323
Annual Per sq ft £2.43
Net Operating Income
Annual £277,791
Annual Per sq ft £10.05

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Size
27,649 sq ft
Costar Property Class
B
Year Built
2006
Price
£5,180,108
Price per sq ft
£187.35
Yield
5.17%
NOI
£268,065
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.21
Total Plot Size
3.10 ac
Use Class
NC - Retail - Commercial Zoning
Parking
100 Spaces (3.62 Spaces per 1,000 sq ft Leased)

AMENITIES

  • Signalised Intersection
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • sq ft OCCUPIED
  • RENT/sq ft
  • LEASE TYPE
  • LEASE END
  • Health Care and Social Assistance
  • 4,800 sq ft
  • £1.97
  • NNN
  • Dec 2030

Barton Health is a not-for-profit, equal opportunity employer and does not discriminate on the basis of sex, age, religion, creed, national origin, race or handicap in its relationship with patients, visitors or employees.

  • BR Lindeza Skincare
  • Professional, Scientific, and Technical Services
  • 804 sq ft
  • £1.27
  • NNN
  • Oct 2029
  • Diamond Nails
  • Professional, Scientific, and Technical Services
  • 1,475 sq ft
  • £1.35
  • NNN
  • Jul 2030
  • Finance and Insurance
  • 950 sq ft
  • £1.31
  • NNN
  • Jun 2028

Edward Jones is a privately held financial services firm focused on individual investors and small businesses. Founded in 1922, the company operates from its headquarters in the St. Louis area with a U.S. regional headquarters in Tempe, serving clients through a broad network of local branch offices. The firm offers investment guidance, retirement and education savings strategies, insurance solutions, and cash and credit products delivered by financial advisors backed by home-office resources. Edward Jones is the principal operating company of The Jones Financial Companies and is not publicly traded. The firm highlights a long-standing branch-office model designed to provide in-person advice within communities; its corporate sites cite a footprint of more than 15,000 branch locations in North America and tens of thousands of associates, including financial advisors, across the U.S. and Canada. Senior leadership includes Managing Partner Penny Pennington and executives overseeing operat

  • Health Benefits Associates Inc.
  • Professional, Scientific, and Technical Services
  • 827 sq ft
  • £1.38
  • NNN
  • Apr 2025
  • Professional, Scientific, and Technical Services
  • 3,495 sq ft
  • £2.25
  • NNN
  • Apr 2030

Thank you for visiting us online! We appreciate the opportunity to give you a peek at who we are at Quail Ridge Animal Hospital. Being a veterinary practice in Southern Carson City, we have the wonderful opportunity to fill a niche needed in our community. The need for an exotic animal practitioner is increasing by leaps and bounds in Douglas, Lyon, and Carson Counties. People are in need of a veterinarian who can take care of the whole family. Here at Quail Ridge Animal Hospital we love all the fuzzy, furry, feathery, and scaly creatures that you consider part of your family. We offer many services to meet your needs for dogs, cats, birds, exotics, pocket pets, and reptiles. With our state-of-the-art veterinary facilities, we are able to perform a large variety of procedures as well as practice quality diagnostics and medicine catered to each pet.

  • Roys Restaurant
  • Accommodation and Food Services
  • 3,347 sq ft
  • £0.98
  • NNN
  • Apr 2028
  • Van Gogh and Vino
  • Arts, Entertainment, and Recreation
  • 626 sq ft
  • £1.35
  • NNN
  • Mar 2025
  • Win's Wheels, Inc.
  • Arts, Entertainment, and Recreation
  • 1,175 sq ft
  • £1.61
  • NNN
  • Oct 2026
TENANT INDUSTRY sq ft OCCUPIED RENT/sq ft LEASE TYPE LEASE END
Health Care and Social Assistance 4,800 sq ft £1.97 NNN Dec 2030
BR Lindeza Skincare Professional, Scientific, and Technical Services 804 sq ft £1.27 NNN Oct 2029
Diamond Nails Professional, Scientific, and Technical Services 1,475 sq ft £1.35 NNN Jul 2030
Finance and Insurance 950 sq ft £1.31 NNN Jun 2028
Health Benefits Associates Inc. Professional, Scientific, and Technical Services 827 sq ft £1.38 NNN Apr 2025
Professional, Scientific, and Technical Services 3,495 sq ft £2.25 NNN Apr 2030
Roys Restaurant Accommodation and Food Services 3,347 sq ft £0.98 NNN Apr 2028
Van Gogh and Vino Arts, Entertainment, and Recreation 626 sq ft £1.35 NNN Mar 2025
Win's Wheels, Inc. Arts, Entertainment, and Recreation 1,175 sq ft £1.61 NNN Oct 2026

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1420-07-619-001
  • 1420-07-619-003
  • 1420-07-619-004
  • 1420-07-619-005
  • 1420-07-619-002
Land Assessment
£225,681 (2025)
Improvements Assessment
£785,345 (2025)
Total Assessment
£1,011,026 (2025)
Annual Taxes
£0 (£0.00/sq ft)
Tax Year
2024
  • Listing ID: 34923756

  • Date on Market: 24/02/2025

  • Last Updated:

  • Address: 931-939 Mica Dr, Carson City, NV 89705

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