Canyon Center | 10580 N McCarran Blvd
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Canyon Center 10580 N McCarran Blvd
28,070 SF 100% Leased Retail Building Reno, NV 89503 $7,430,000 ($265/SF) 7.25% Cap Rate
Investment Highlights
- HIGH-TRAFFIC RETAIL CORRIDOR
- RECESSION & INTERNET RESISTANT TENANCY
- HIGH QUALITY Grocery Anchored Neighborhood Center with strong historical occupancy
Executive Summary
COMBINED OFFERING FOR BUILDINGS 10490 & 10580 N MCCARRAN BLVD:
Kidder Mathews is pleased to offer to qualified investors the opportunity to acquire 100% fee simple interest in Canyon Center.
This is an excellent opportunity for an investor seeking a well-built investment with a strong mix of national and regional tenants that provide stable cash flow. The property is strategically located off N McCarran Blvd. & W 7th Street in Northwest Reno.
Kidder Mathews is pleased to offer to qualified investors the opportunity to acquire 100% fee simple interest in Canyon Center.
This is an excellent opportunity for an investor seeking a well-built investment with a strong mix of national and regional tenants that provide stable cash flow. The property is strategically located off N McCarran Blvd. & W 7th Street in Northwest Reno.
Data Room Click Here to Access
- Offering Memorandum
Property Facts In Escrow
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront
Building Size
28,070 SF
Building Class
B
Year Built
1996
Price
$7,430,000
Price Per SF
$265
Cap Rate
7.25%
NOI
$538,926
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
2.08 AC
Zoning
GC - General Commerical
Parking
186 Spaces (6.63 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 001-272-35 | Improvements Assessment | $835,789 |
| Land Assessment | $313,579 | Total Assessment | $1,149,368 |
PROPERTY TAXES
Parcel Number
001-272-35
Land Assessment
$313,579
Improvements Assessment
$835,789
Total Assessment
$1,149,368
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Canyon Center | 10580 N McCarran Blvd
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