Listing contacts

Lisamarie Wand  

EXP Commercial I Nevada

(775) 224-5300

Active

Asking price: Call broker for details
Added: 2022-07-11

Info

Address 3915 Baker Lane
City Reno
State NV
Zip Code 89509
County washoe
Total Lot Size 0.326 acres
Year Built 2004
Property type Development Land

Details

Trailing 12 Month Cap Rate 4.51 %
Pro-Forma Cap Rate 4.51 %
NOI $90,240
Rentable 3,818 SF

Demographics

Median household income (5-mile radius) 72,863
Renters occupied (5-mile radius) 58 %
Num of competitors (5-mile radius) 56
Sq.Ft. per capita (1-mile radius) 20.04
5x5 unit average price $72
5x10 unit average price $91
10x10 unit average price $138

Analytics

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Description

National tenant with corporate guarantee. Long term lease with 3% annual increases. Initial lease is 7 year term with (1) one, 5 year option to renew. Freestanding building with private parking lot - 18 surface spaces True NNN investment opportunity. Tenant has recently remodeled interior. Optometry Practice. Current NOI is $90, 240.00


Keywords
Just off the Virginia St. thoroughfare. Near the Atlantis Casino. Centrally located this property is minutes from downtown Reno the Convention Center and Meadowood Mall

Memorandum

https://lisamariewand.com/wp-content/uploads/2022/11/3915-Baker-Updated-OM_compressed.pdf

Drive Time:
0-5 minutes
6-10 minutes
11-15 minutes
16-20 minutes
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Your monthly payment will be:

$ 0