901 S Center St - Restaurant FOR SALE
Reno, NV 89501 |
$3,400,000 USD
858-449-9922
901 S Center St
Reno, NV 89501
HIGHLIGHTS
- Absolute NNN Lease – zero maintenance or expense responsibilities
- Personal Guaranty from High Net Worth individual
- Strong Income Area – average household income is $96,261 in a 5-mile radius
- Strategic location – situated in the rapidly growing region of Midtown Reno, 1 mile south of Downtown Reno
- Tax Free State – no state income tax in Nevada
OVERVIEW
• Historic Location – the Building was given a Historic Preservation Award in 2016
• Absolute NNN Lease – zero maintenance or expense responsibilities
• 7.30% (7.44% in February 202
• 2% Annual Rent Increases – excellent hedge against inflation
• Personal Guaranty from High Net Worth individual
• Tenant has invested in new Roof, HVAC, Electrical & Plumbing since 2015
FOR SALE DETAILS
PRICE
$3,400,000 USD
PRICE/SF
$249 USD /SF
CAP RATE
7.3%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Brasserie Saint James Restaurant | Abs NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1930
SPRINKLERS
-
PARKING SPACES
7
LAND DETAILS
LAND ACRES
0.39 AC
LAND SF
16,858 SF
ZONING
MU-MC
APN/PARCEL ID
011-334-15
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858-449-9922
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858-449-9922
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