Investment Overview

The Subject Property, 800 S Wells Avenue, is a 2,400 square-foot freestanding commercial building situated on 0.16 acres in the Wells Avenue District of Reno, Nevada. The location benefits from strong visibility and steady consumer traffic just southeast of Reno’s downtown core. Built in 1975, the property is 100% leased to 7-Eleven, the world’s largest convenience store chain with 85,000+ locations and an A- S&P credit rating. The tenant operates under a Triple Net (NNN) lease structure, responsible for all maintenance, roof, plumbing, taxes, and operating expenses—making this a passive investment with minimal landlord obligations. 7-Eleven has occupied this site for decades, with the current lease running through January 31, 2030, and two 5-year renewal options remaining. The annual net operating income is $66,000, supported by scheduled 10% rent increases every five years. Reno continues to experience strong population and economic growth driven by a business-friendly environment and major employers such as Tesla, Apple, Switch, and Amazon. This has helped strengthen consumer demand and long-term retail stability throughout the region. Offered at $1,200,000, or $500 per square foot, the property provides investors with a stable, credit-backed NNN asset in a growing Reno submarket, supported by long-term tenancy and essential retail demand.