Brasserie Saint James Restaurant | Abs NNN | 901 S Center St
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Brasserie Saint James Restaurant | Abs NNN 901 S Center St
13,646 SF Retail Building Reno, NV 89501 $3,544,514 ($260/SF) 7% Cap Rate
Investment Highlights
- Absolute NNN Lease – zero maintenance or expense responsibilities
- Strong Income Area – average household income is $96,261 in a 5-mile radius
- Tax Free State – no state income tax in Nevada
- Personal Guaranty from High Net Worth individual
- Strategic location – situated in the rapidly growing region of Midtown Reno, 1 mile south of Downtown Reno
Executive Summary
• Historic Location – the Building was given a Historic Preservation Award in 2016
• Absolute NNN Lease – zero maintenance or expense responsibilities
• 2% Annual Rent Increases – excellent hedge against inflation
• Personal Guaranty from High Net Worth individual
• Tenant has invested in new Roof, HVAC, Electrical & Plumbing since 2015
• Absolute NNN Lease – zero maintenance or expense responsibilities
• 2% Annual Rent Increases – excellent hedge against inflation
• Personal Guaranty from High Net Worth individual
• Tenant has invested in new Roof, HVAC, Electrical & Plumbing since 2015
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,646 SF
Building Class
B
Year Built/Renovated
1930/2012
Price
$3,544,514
Price Per SF
$260
Cap Rate
7%
NOI
$248,116
Tenancy
Single
Building Height
2 Stories
Building FAR
0.81
Land Acres
0.39 AC
Opportunity Zone
Yes
Zoning
MU-MC - Mixed-Use Midtown Commercial
Parking
7 Spaces (0.51 Spaces per 1,000 SF Leased)
Frontage
177 FT on S Center St
Amenities
- Restaurant
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Brasserie St James
- Manufacturing
- 99,999 SF
- -
- Lorem Ipsum
- Jan 0000
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Brasserie St James | Manufacturing | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (84)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 011-334-15 | Improvements Assessment | $296,673 |
Land Assessment | $117,585 | Total Assessment | $414,258 |
PROPERTY TAXES
Parcel Number
011-334-15
Land Assessment
$117,585
Improvements Assessment
$296,673
Total Assessment
$414,258
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Brasserie Saint James Restaurant | Abs NNN | 901 S Center St
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