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Single-Tenant Office Medical

960 Caughlin Crossing Medical Office

960 Caughlin Crossing, Reno, NV 89519

Listing Price: $3,980,000

Cap Rate
5.81%
Tenant Name
Rive Plastic Surgery
Years Remaining On Lease
5.4
Guarantor
Personal Guarantee
Rentable SF
6,120
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.76

Investment Overview

This Class “A” Medical Office Building is located at Caughlin Crossing, at the gateway to the Caughlin Ranch and Eaglesnest communities, which provide some of the highest income demographics for the entire Reno-Sparks MSA. The median home price in the one-mile radius of the property is $795,130. The average household income in the one-mile radius of the property is $183,070. The building sits on just over one-half acre and is part of the Caughlin Ranch master planned community and part of the owners’ association. There are acres and acres of greenbelts with walking trails, creeks, duck ponds, a full service tennis and athletic club and other professional office buildings servicing the community.

Investment Highlights

  • A Five-Year Absolute Net Lease with Zero Landlord Responsibility
  • Two Percent (2.0%) Annual Base Rental Increases as An Inflation Hedge
  • Located at the Gateway to Caughlin Ranch, Reno's Premier Master Planned Upscale Community

Exclusively Listed By

Single-Tenant Office Medical

960 Caughlin Crossing Medical Office

Listing Price: $3,980,000

Cap Rate
5.81%
Tenant Name
Rive Plastic Surgery
Years Remaining On Lease
5.4
Guarantor
Personal Guarantee
Rentable SF
6,120
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.76

Investment Highlights

  • A Five-Year Absolute Net Lease with Zero Landlord Responsibility
  • Two Percent (2.0%) Annual Base Rental Increases as An Inflation Hedge
  • Located at the Gateway to Caughlin Ranch, Reno's Premier Master Planned Upscale Community

Investment Overview

This Class “A” Medical Office Building is located at Caughlin Crossing, at the gateway to the Caughlin Ranch and Eaglesnest communities, which provide some of the highest income demographics for the entire Reno-Sparks MSA. The median home price in the one-mile radius of the property is $795,130. The average household income in the one-mile radius of the property is $183,070. The building sits on just over one-half acre and is part of the Caughlin Ranch master planned community and part of the owners’ association. There are acres and acres of greenbelts with walking trails, creeks, duck ponds, a full service tennis and athletic club and other professional office buildings servicing the community.

Exclusively Listed By

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