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!

NORTHERN NEVADA MEDICAL OFFICE & BOFA ATM 5265 Vista Blvd

10,650 SF 100% Leased Retail Building Sparks, NV 89436 $3,144,000 ($295/SF) 5.75% Cap Rate

Investment Highlights

  • 10,467 SF Single Tenant Medical Office - Urgent & Primary Care Situated on .95 Acres
  • Recent Capital Expenditures | Parking Lot Replaced June 2024 - Roof Replaced 2019 w/ 10-Year Warranty w/ Option to Re-coat for an Additional 10-Year
  • Additional Income From Bank of America ATM On-Site Since 1999
  • Double "NN" Net Lease | Landlord Responsible For Roof & Structure
  • Northern Nevada Medical Group is Operated By a Subsidiary of Universal Health Services Inc. a Fortune 500 Company
  • Northern Nevada Medical Group's Lease Call For Attractive 2% Annual Rental Increases

Executive Summary

10,467 SF Single Tenant Medical Office - Urgent & Primary Care Situated on .95 Acres
Double "NN" Net Lease | Landlord Responsible For Roof & Structure
Recent Capital Expenditures | Parking Lot Replaced June 2024 - Roof Replaced 2019 w/ 10-Year Warranty w/ Option to Re-coat for an Additional 10-Year Warranty | Tenant Invested$1MM+ In Improvements Showing Commitment To Location
Northern Nevada Medical Group is Operated By a Subsidiary of Universal Health Services Inc. a Fortune 500 Company
Additional Income From Bank of America ATM On-Site Since 1999
Northern Nevada Medical Group's Lease Call For Attractive 2% Annual Rental Increases
Reno, NV MSA | Sparks Reported As The Fastest Growing City in Nevada Between 1999-2008 & Continuously Growing |Nevada Is An Income Tax Free State
Strong Demographics | 5-Mile Population Exceeds 145,000 |Avg Household Income $103,000 in 1-Mile
4.15% Assumable Debt In Place Contact Agent For Further Details

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,650 SF
Building Class
B
Year Built/Renovated
1999/2019
Price
$3,144,000
Price Per SF
$295
Cap Rate
5.75%
NOI
$180,793
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Land Acres
0.95 AC
Zoning
PD
Parking
38 Spaces (3.63 Spaces per 1,000 SF Leased)
Frontage
144 FT on Vista Blvd

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
516-060-13
Land Assessment
$129,805
Improvements Assessment
$475,541
Total Assessment
$605,346
  • Listing ID: 32579573

  • Date on Market: 7/25/2024

  • Last Updated:

  • Address: 5265 Vista Blvd, Sparks, NV 89436

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') }}