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9780 S Virginia St

4,159 SF Retail Building Reno, NV 89511 $2,900,000 ($697/SF) 6% Cap Rate

Investment Highlights

  • Newly signed 10-year lease in place with 999 Pho
  • +/- 4,159 SF main floor and +/-763 mezzanine
  • Completely remodeled in 2022
  • Standalone restaurant building along S. Virginia St.

Executive Summary

9780 S Virginia St. is a +/- 4,922 SF fully leased standalone restaurant building located in South Reno. This single-tenant property has a newly signed 10-year lease in place with 999 Pho, who offers traditional Vietnamese eats. This standalone restaurant includes a +/-4,159 SF main floor, which includes a completely remodeled kitchen and a +/- 763 SF mezzanine and office space. The property has significant frontage along S. Virginia St and is located only a half-block north of the I-580/S. Meadows Pkwy. interchange.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,159 SF
Building Class
B
Year Built/Renovated
2012/2022
Price
$2,900,000
Price Per SF
$697
Cap Rate
6%
NOI
$174,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Land Acres
0.71 AC
Zoning
MS - Planned Unit Development
Parking
29 Spaces (5.89 Spaces per 1,000 SF Leased)

Amenities

  • Mezzanine
  • Restaurant
  • Air Conditioning

Nearby Major Retailers

IHOP
Rusty Taco
Winco Foods
Steak ‘n Shake
Sprouts Farmers Market
Bank of America
Starbucks
Chase Bank
Umpqua Bank
Dutch Bros

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
163-120-07
Land Assessment
$215,361
Improvements Assessment
$474,319
Total Assessment
$689,680
  • Listing ID: 33072236

  • Date on Market: 9/5/2024

  • Last Updated:

  • Address: 9780 S Virginia St, Reno, NV 89511

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