This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Legends Shopping Center 1315 Scheels Dr

29,537 SF 100% Leased 4-Star Retail Building Sparks, NV 89434 $8,562,999 ($290/SF) 7.50% Cap Rate

Investment Highlights

  • LOCATED WITHIN RENO’S LARGEST POWER CENTER “OUTLETS AT LEGENDS” WHICH BOASTS 9.7M VISITS PER YEAR.
  • Strong Leases - Old Navy Corp. Lease, Crunch Fitness personal guaranty, New Extension with Creative Hot Tubs Designs.
  • Thriving Economy and Tax Advantages
  • Excellent Tenant Synergy
  • Passive Management Opportunity

Executive Summary

Three Tenant Strip Center Located in #1 Power Center in the Reno MSA; NV is a Tax Free State.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
29,537 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2008
Price
$8,562,999
Price Per SF
$290
Cap Rate
7.50%
NOI
$642,225
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
2.69 AC
Opportunity Zone
Yes
Frontage
1,430 FT on I-80 Fwy

Amenities

  • Bus Line
  • Signage

Nearby Major Retailers

Crunch
Grimaldi's Pizzeria
Burgerim
The Habit Burger Grill
Olive Garden Italian Restaurant
Buffalo Wild Wings
America First Credit Union
Starbucks
Everbowl
BJ's Restaurant & Brewhouse

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
037-031-05
Land Assessment
$750,653
Improvements Assessment
$1,967,956
Total Assessment
$2,718,609
  • Listing ID: 31696910

  • Date on Market: 5/25/2024

  • Last Updated:

  • Address: 1315 Scheels Dr, Sparks, NV 89434

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}