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Net Lease

BrightView Landscape - Absolute NNN Lease with 4% Annual Increases

3705 Barron Way, Reno, NV 89511

Listing Price: $9,100,000

Cap Rate
5.01%
Lot Size
6.31 acres
Year Built
2009
Rentable SF
18,226

Investment Overview

*Industrial Property in Excellent Condition* - The Tenant Has Been Operating Successfully at This Location Since 2009 and Recently Extended Their Lease and Increased Their Rent. They Did This for One Extra Option to Renew in the Future - Large Lot with Over 6 Acres Allowing for Expansion in the Future - Extremely Low Lot Coverage of 7% - 177+ Parking Spots, Providing for Ample Parking Requirements - Reno has a Low Vacancy Rate of 3.3% *Strong Corporate Guarantee* - Rare Absolute NNN Industrial Property – Zero Landlord Responsibilities, Which is Ideal for an Investor Not Local to the Market - BrightView Landscape is a Publicly Traded Company (NASDAQ: BV) with Revenue in Excess of $2.5 Billion - BrightView Landscape has Over 280 Locations *Pride of Ownership Property in Reno, NV* - Dense, Infill Area with Over 149,000 Residents within 5 Miles of the Subject Property - Affluent Area with an Average Household Income Exceeding $93,000 - Daytime Population of Over 235,000, Which Shows a Very Strong Workforce in the Area - Nevada has been Ranked #5 in the Country as the Most Business Friendly Tax Climate by the Tax Foundation Due to it Being a Tax-Free State - Located in a Dense Industrial Area with Other National Brands Such as UPS Freight, Sysco Corp, Aramark, The AMES Companies, S K Food Group, International Game Technology, and Many More All Within Close Proximity to the Subject Property

Investment Highlights

  • Absolute NNN Lease
  • New 5-Year Lease Extension
  • Rare 4% Annual Increases
  • Industrial Property in Excellent Condition
  • Strong Corporate Guarantee
  • Pride of Ownership Property in Reno, NV

Exclusively Listed By

  • Drew Holden

    First Vice President Investments

    (949) 419-3200

    Email Drew

    License(s): CA: 01962800, NV: S.0189703

    Las Vegas

Net Lease

BrightView Landscape - Absolute NNN Lease with 4% Annual Increases

Listing Price: $9,100,000

Cap Rate
5.01%
Lot Size
6.31 acres
Year Built
2009
Rentable SF
18,226

Investment Highlights

  • Absolute NNN Lease
  • New 5-Year Lease Extension
  • Rare 4% Annual Increases
  • Industrial Property in Excellent Condition
  • Strong Corporate Guarantee
  • Pride of Ownership Property in Reno, NV

Investment Overview

*Industrial Property in Excellent Condition* - The Tenant Has Been Operating Successfully at This Location Since 2009 and Recently Extended Their Lease and Increased Their Rent. They Did This for One Extra Option to Renew in the Future - Large Lot with Over 6 Acres Allowing for Expansion in the Future - Extremely Low Lot Coverage of 7% - 177+ Parking Spots, Providing for Ample Parking Requirements - Reno has a Low Vacancy Rate of 3.3% *Strong Corporate Guarantee* - Rare Absolute NNN Industrial Property – Zero Landlord Responsibilities, Which is Ideal for an Investor Not Local to the Market - BrightView Landscape is a Publicly Traded Company (NASDAQ: BV) with Revenue in Excess of $2.5 Billion - BrightView Landscape has Over 280 Locations *Pride of Ownership Property in Reno, NV* - Dense, Infill Area with Over 149,000 Residents within 5 Miles of the Subject Property - Affluent Area with an Average Household Income Exceeding $93,000 - Daytime Population of Over 235,000, Which Shows a Very Strong Workforce in the Area - Nevada has been Ranked #5 in the Country as the Most Business Friendly Tax Climate by the Tax Foundation Due to it Being a Tax-Free State - Located in a Dense Industrial Area with Other National Brands Such as UPS Freight, Sysco Corp, Aramark, The AMES Companies, S K Food Group, International Game Technology, and Many More All Within Close Proximity to the Subject Property

Exclusively Listed By

  • Drew Holden

    First Vice President Investments

    (949) 419-3200

    Email Drew

    License(s): CA: 01962800, NV: S.0189703

    Las Vegas

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