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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
Burgerim
Grimaldi's Pizzeria
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

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