132 E 2nd St 3,312 SF Retail Building Reno, NV 89501 $4,171,046 ($1,259.37/SF) 7% Cap Rate
EXECUTIVE SUMMARY
DCG is pleased to present 132 East 2nd Street, a 3,312 SF retail investment property for sale. The Tenant, STNL cannabis dispensary, has a strong operating history in a high-growth area in the center of the premier downtown Reno submarket. The space has on-site security and maintains strict oversight. Adjacent to the new 369-unit BALLPARK multifamily development and Ace’s Ballpark. The location has been open for over seven years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
3,312 SF
Building Class
C
Year Built
2006
Price
$4,171,046
Price Per SF
$1,259.37
Cap Rate
7%
NOI
$291,973
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.64 AC
Opportunity Zone
Yes
Zoning
MUDR
Frontage
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 011-072-15 | Improvements Assessment | $174,271 |
| Land Assessment | $218,785 | Total Assessment | $393,056 |
