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Shopping Strip

Starbucks Drive Thru & Shops | New Build | Reno, NV

675-683 N McCarran Blvd, Sparks, NV 89431

Listing Price: $4,835,000

Cap Rate
5.78%
Gross SF
7,142
Rentable SF
7,142
Price/Gross SF
$676.98
Lot Size
0.24 acres
Year Built
2019

Investment Overview

Starbucks Drive Thru & Shops is a 7,142 square foot freestanding pad site to Iron Horse Shopping Center situated on 0.24-acres in Sparks, Nevada. Constructed in 2019, the property is 100-percent occupied by four tenants on long-term Triple-Net Leases with scheduled rental increases. The Property is located along one of the city’s busiest intersections and is supported by very dense demographics and a synergistic mix of surrounding retailers. The Property was built in 2019 featuring Starbucks Drive Thru, Roberto’s Taco Shop, Super Chix and Freeway Insurance. The pad is part of the Iron Horse Shopping Center, whose tenants include FoodMaxx, Tractor Supply, Harbor Freight Tools, and many more. The immediate surrounding area also has two other regional shopping centers, resulting in this location being one of the primary retail draws in Sparks. The Property features excellent frontage, visibility, and access along N McCarran Blvd, which has one of the highest traffic counts of any thoroughfare in the region. The trade area is supported by a resident population of over 201,000 in a five-mile radius, and an even more impressive 260,000 daytime population. The entire Northern Nevada region, including Sparks, has seen a significant expansion in recent years due to an influx of companies seeking the business-friendly tax climate and laws. Tesla, Google, Apple, Switch, Walmart, and Panasonic are among these companies to name a few. The addition of companies with an international presence in Technology, Manufacturing, Distribution, Medical, and more has given Northern Nevada a robust, diversified economy. Offered at $4,835,000 and a 5.78 percent Cap Rate, this property offers an investor long-term stability, proven tenants, and a phenomenal location all while being situated in income tax-free Nevada.

Investment Highlights

  • New 2019 Construction with a Drive-Thru
  • Impressive Tenant Mix, Including Starbucks, all on Triple-Net Leases
  • Excellent Frontage, Visibility, and Access Along N McCarran Blvd, which has One of the Highest Traffic Counts of any Thoroughfare in the Region

Exclusively Listed By

Shopping Strip

Starbucks Drive Thru & Shops | New Build | Reno, NV

Listing Price: $4,835,000

Cap Rate
5.78%
Gross SF
7,142
Rentable SF
7,142
Price/Gross SF
$676.98
Lot Size
0.24 acres
Year Built
2019

Investment Highlights

  • New 2019 Construction with a Drive-Thru
  • Impressive Tenant Mix, Including Starbucks, all on Triple-Net Leases
  • Excellent Frontage, Visibility, and Access Along N McCarran Blvd, which has One of the Highest Traffic Counts of any Thoroughfare in the Region

Investment Overview

Starbucks Drive Thru & Shops is a 7,142 square foot freestanding pad site to Iron Horse Shopping Center situated on 0.24-acres in Sparks, Nevada. Constructed in 2019, the property is 100-percent occupied by four tenants on long-term Triple-Net Leases with scheduled rental increases. The Property is located along one of the city’s busiest intersections and is supported by very dense demographics and a synergistic mix of surrounding retailers. The Property was built in 2019 featuring Starbucks Drive Thru, Roberto’s Taco Shop, Super Chix and Freeway Insurance. The pad is part of the Iron Horse Shopping Center, whose tenants include FoodMaxx, Tractor Supply, Harbor Freight Tools, and many more. The immediate surrounding area also has two other regional shopping centers, resulting in this location being one of the primary retail draws in Sparks. The Property features excellent frontage, visibility, and access along N McCarran Blvd, which has one of the highest traffic counts of any thoroughfare in the region. The trade area is supported by a resident population of over 201,000 in a five-mile radius, and an even more impressive 260,000 daytime population. The entire Northern Nevada region, including Sparks, has seen a significant expansion in recent years due to an influx of companies seeking the business-friendly tax climate and laws. Tesla, Google, Apple, Switch, Walmart, and Panasonic are among these companies to name a few. The addition of companies with an international presence in Technology, Manufacturing, Distribution, Medical, and more has given Northern Nevada a robust, diversified economy. Offered at $4,835,000 and a 5.78 percent Cap Rate, this property offers an investor long-term stability, proven tenants, and a phenomenal location all while being situated in income tax-free Nevada.

Exclusively Listed By

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