Investment Overview

The subject property, 2258-2262 Reno Highway in Fallon, NV, is a 13,903 square-foot multi-tenant office/retail complex on 1.68 acres. The property is currently 69% leased, offering an investor notable upside through lease-up. In addition, the property is already condo mapped with separate parcel numbers for all three buildings (plus the common area), providing additional flexibility for a future exit and/or value-add opportunity. The property is located along Highway 50 (also known as “Reno Highway”), in Fallon’s busiest trade area with excellent frontage to approximately 17,000 vehicles per day. The complex has great curb appeal, and is situated directly across from Walmart and other major retailers. In addition, multiple points of ingress & egress and ample parking make this a very functional site. The existing tenant base includes a mix of retail and office users, including State Farm, a mortgage company, and a martial arts studio. The buildings, location, and zoning are conducive to a wide variety of office and retail users. The complex has a history of high occupancy; however, the owner recently vacated an owner-occupied suite, resulting in the current below-average occupancy. This presents a value-add opportunity for an investor or provides an owner/user with space to occupy while collecting rent from the other suites. Fallon, Nevada's economy is anchored by agriculture, military operations, and renewable energy. Naval Air Station Fallon, home to the Navy's TOPGUN program and an expanding Fallon Range Training Complex, serves as one of the region's primary economic drivers, supporting thousands of jobs and ongoing federal investment. Combined with a strong agricultural base, growing renewable energy production, and proximity to Northern Nevada's industrial corridor, Fallon offers a stable economy with continued prospects for commercial and residential growth. Offered at $2,200,000, or $158.24 per square foot, this asset presents a value-add opportunity with multiple exit options due to the existing condominium mapping.