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1328 US Highway 395 N 7,196 SF 100% Leased Retail Building Gardnerville, NV 89410 $3,185,983 CAD ($442.74 CAD/SF) 4.70% Cap Rate
Investment Highlights
- Heavy daytime traffic
- Well maintained center
- Located in Gardnerville's main shopping district
Executive Summary
One of three parcels in the Park Place Center is being offered for sale. The center is conveniently located in the town of Gardnerville shopping area. Easily accessed off of Hwy 395 with plenty of parking. The building has had the roof resealed and all HVAC units replaced. The three tenants are Subway, Mattress Factory and Hello Handmade. Leases are seasoned Triple Net with built in extensions. The 4.7 CAP rate reflects a building centrally located and very well maintained.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
7,196 SF
Building Class
B
Year Built
2003
Price
$3,185,983 CAD
Price Per SF
$442.74 CAD
Cap Rate
4.70%
NOI
$149,741 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.90 AC
Zoning
Commercial - Commercial
Parking
70 Spaces (9.73 Spaces per 1,000 SF Leased)
Amenities
- Mezzanine
- Restaurant
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Hello Handmade
- Arts, Entertainment, and Recreation
- 2,594 SF
- -
- -
- Jan 2028
- Mattress Factory Outlet
- Retailer
- -
- -
- Triple Net
- Jun 2029
-
- Accommodation and Food Services
- -
- -
- -
- Apr 2028
Subway began in the 1960s in Connecticut as a sandwich shop founded by Fred DeLuca with support from Peter Buck, and the business later grew through franchising in the 1970s. The company has since expanded into a large restaurant brand with a broad menu centered on sandwiches, salads, and wraps. Subway also offers catering and online ordering, and its restaurants operate through a franchise network serving guests across a wide international presence.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Hello Handmade | Arts, Entertainment, and Recreation | 2,594 SF | - | - | Jan 2028 | |
| Mattress Factory Outlet | Retailer | - | - | Triple Net | Jun 2029 | |
|
|
Accommodation and Food Services | - | - | - | Apr 2028 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1220-04-601-025 | Improvements Assessment | $425,307 CAD |
| Land Assessment | $104,237 CAD | Total Assessment | $529,544 CAD |
Property Taxes
Parcel Number
1220-04-601-025
Land Assessment
$104,237 CAD
Improvements Assessment
$425,307 CAD
Total Assessment
$529,544 CAD
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1328 US Highway 395 N
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