• Broker Dominic Brunetti 7752401192
  • Broker Chris Shanks, CCIM 7758503144

132 E 2nd St 3,312 SF Retail Building Reno, NV 89501 $4,171,046 ($1,259.37/SF) 7% Cap Rate

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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.

ATTACHMENTS

132 E 2nd St

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
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
MUDR
Frontage
203’ on N Lake St

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Lake St E 2nd St, N 5,047 2022 0.02 mi
E 2nd St Lake St, E 4,003 2022 0.02 mi
E 2nd St N Center St, W 4,653 2022 0.04 mi
Lake St E 2nd St, S 4,381 2022 0.04 mi
East 2nd Street Lake St, W 6,550 2019 0.05 mi
N Center St E 2nd St, N 9,461 2022 0.06 mi
E 1st St N Center St, W 1,968 2022 0.06 mi
North Center Street E 1st St, S 9,950 2019 0.07 mi
E 2nd St Lake St, W 6,545 2022 0.07 mi
E 2nd St Evans Ave, E 6,852 2015 0.07 mi
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (87)

NEARBY MAJOR RETAILERS

Original Mel's Of Reno
Starbucks
Ruth's Chris Steak House
Anytime Fitness
Nevada State Bank
U.S. Bank
Chase Bank
The Habit Burger Grill
Bank of America
Roberto's Taco Shop

PROPERTY TAXES

Parcel Number 011-072-15 Improvements Assessment $174,271
Land Assessment $218,785 Total Assessment $393,056

MAP

ADDITIONAL PHOTOS

View Photo 132 E 2nd St 2
View Photo 132 E 2nd St 3
View Photo 132 E 2nd St 4
View Photo 132 E 2nd St 5
View Photo 132 E 2nd St 6
View Photo Plat Map

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