NORTHERN NEVADA MEDICAL OFFICE & BOFA ATM | 5265 Vista Blvd
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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
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
Parcel Number | 516-060-13 | Improvements Assessment | $475,541 |
Land Assessment | $129,805 | Total Assessment | $605,346 |
PROPERTY TAXES
Parcel Number
516-060-13
Land Assessment
$129,805
Improvements Assessment
$475,541
Total Assessment
$605,346
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NORTHERN NEVADA MEDICAL OFFICE & BOFA ATM | 5265 Vista Blvd
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