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Legends Junior Anchor Strip 1320 E Lincoln Way

19,500 SF 100% Leased Retail Building Sparks, NV 89434 $5,664,000 ($290/SF) 6.70% Cap Rate

Retail Space Nevada Sparks 1320 E Lincoln Way, Sparks, NV 89434

Investment Highlights

  • Ideal Location within Outlets at Legends
  • Excellent Tenant Synergy
  • Strong Leases and Lease Term Remaining

Executive Summary

This thriving three-tenant strip center has an average of 8.5 years lease term remaining. The strip lies adjacent to TJ Maxx and Target within the Outlets at Legends, Reno's largest power center with over 10.1 million visits each year.

Attachments

PetCoStrip_SparksNV

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
19,500 SF
Building Class
B
Year Built
2016
Price
$5,664,000
Price Per SF
$290
Cap Rate
6.70%
NOI
$379,488
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
2.22 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
NUD - New Urban District
Parking
148 Spaces (7.59 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 102
  • 3,743 SF
  • Retail
  • In-Line
  • 60 Days
Space Size Space Use Position Available
102 3,743 SF Retail In-Line 60 Days

102

Size
3,743 SF
Space Use
Retail
Position
In-Line
Available
60 Days
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1320 E Lincoln Way, Sparks, NV - aerial map view - Image1
1320 E Lincoln Way, Sparks, NV - aerial map view - Image2

Nearby Major Retailers

The Habit Burger Grill
Olive Garden Italian Restaurant
Buffalo Wild Wings
America First Credit Union
Starbucks
Everbowl
BJ's Restaurant & Brewhouse
Chase Bank
Outback Steakhouse
Crunch

PROPERTY TAXES

Parcel Number 037-400-14 Improvements Assessment $1,071,437
Land Assessment $709,812 Total Assessment $1,781,248

PROPERTY TAXES

Parcel Number
037-400-14
Land Assessment
$709,812
Improvements Assessment
$1,071,437
Total Assessment
$1,781,248
(415) 269-8969

Contact

  • Listing ID: 32837525

  • Date on Market: 8/16/2024

  • Last Updated:

  • Address: 1320 E Lincoln Way, Sparks, NV 89434

More public record information on 1320 E Lincoln Way, Sparks, NV 89434

The Retail Property at 1320 E Lincoln Way, Sparks, NV 89434 is currently available for sale. Contact Monarch Commercial Advisors for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1320 E Lincoln Way, Sparks, NV for sale Building Photo- Image 1 of 11
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1320 E Lincoln Way, Sparks, NV for sale Building Photo- Image 3 of 11
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1320 E Lincoln Way, Sparks, NV for sale Building Photo- Image 4 of 11
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1320 E Lincoln Way, Sparks, NV for sale Building Photo- Image 5 of 11
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1320 E Lincoln Way, Sparks, NV for sale Building Photo- Image 6 of 11
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1320 E Lincoln Way, Sparks, NV for sale Building Photo- Image 8 of 11
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1320 E Lincoln Way, Sparks, NV for sale Aerial- Image 9 of 11
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1320 E Lincoln Way, Sparks, NV for sale Aerial- Image 10 of 11
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Legends Junior Anchor Strip | 1320 E Lincoln Way
(415) 269-8969 x

Legends Junior Anchor Strip | 1320 E Lincoln Way

David Lucas

(415) 269-8969

(415) 269-8969

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