Investment Overview

The subject property is 0.726 acres (31,612 square-feet) of land, and is an outparcel to Paradise Plaza, in Sparks, Nevada. This offering is paved & level, with all utilities nearby. These attributes, in combination with the synergy created by having other national and regional tenants in the immediate surrounding area, make this a great location for a new retail development. Paradise Plaza is an approximately 190,000 square-foot regional shopping center. The existing tenants include Wells Fargo, Walgreens, Jack-In-The Box, US Bank , Family Dollar, Octopharma Plasma, Pizza Plus, H&R Block, and more. In addition, Panda Express just purchased a building within the center, and intends to open a location immediately adjacent to the subject property. Paradise Plaza is located at the intersection of Oddie Boulevard and El Rancho Drive, which collectively see ov er 30,000+ cars per day (NDOT Estimates). The subject property enjoys excellent frontage along Oddie Boulevard, and has great ingress & egress. Because of the desirable location of this intersection, the immediate surrounding area has received significant interest from developers. 288 new apartment units were constructed directly across the street in 2020, and an estimated $30-million dollar redevelopment project known as the "Oddie District" is nearly completed on the northwest corner of the intersection. These projects intend to accommodate the existing 260,000+ residents who live within a 5-mile radius.  Offered at $750,000, this property offers investors and owner/users the ability to develop one of the few remaining infill retail sites that would be suitable for a drive-thru.