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76 1790 Mill St 1,812 SF Retail Building Reno, NV 89502 $4,081,530 CAD ($2,252.50 CAD/SF) 5.60% Cap Rate



Investment Highlights
- Prime hard-corner location at Mill St & Kietzke Ln - excellent visibility and convenient ingress/egress
- Strong traffic exposure with over 21,000 vehicles per day
- Strategically located minutes from downtown Reno, UNR, and major resorts & casinos
- Recently remodeled, double-walled tanks, and upgraded pumps
- Flexible acquisition structure - owner-operator or passive NNN sale-leaseback
- Potential Eligibility for 100% Bonus Depreciation
Executive Summary
1790 Mill St presents the opportunity to acquire a fully operational 76-branded gas station and ±1,812 SF convenience store situated on a high-visibility hard corner at Mill St and Kietzke Ln in Reno, NV. Recent upgrades include expansion and remodeling of the c-store, installation of double-walled tanks, and upgraded pumps. The property benefits from transferrable beer & wine and tobacco licenses as well as approval for gaming. This asset can be purchased by an owner-operator or as a sale-leaseback with a 10-year NNN lease at $14,000/month, providing immediate income and strong cash flow in an income-tax-free state. Located along a major arterial with strong traffic counts and just minutes from downtown Reno, this property is well-positioned to capture consistent demand within one of the fastest-growing markets in the country.
Exclusively listed and presented by Grant Gluhaich, Colliers - Please reach out via email or phone for more information and Offering Memorandum.
Exclusively listed and presented by Grant Gluhaich, Colliers - Please reach out via email or phone for more information and Offering Memorandum.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Service Station
Building Size
1,812 SF
Building Class
B
Year Built
1962
Price
$4,081,530 CAD
Price Per SF
$2,252.50 CAD
Cap Rate
5.60%
NOI
$228,566 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.58 AC
Zoning
MUWM
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 013-052-26 | Improvements Assessment | $379,285 CAD |
| Land Assessment | $222,944 CAD | Total Assessment | $602,228 CAD |
Property Taxes
Parcel Number
013-052-26
Land Assessment
$222,944 CAD
Improvements Assessment
$379,285 CAD
Total Assessment
$602,228 CAD
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76 | 1790 Mill St
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