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Paradise Plaza 2125-2285 Oddie Blvd 132,364 SF 27% Leased Retail Building Sparks, NV 89431 $15,773,896 CAD ($119.17 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • True Value-Add Opportunity
  • Located In a Densely Populated Trade Area
  • Situated Near the Signalized Intersection of Oddie Boulevard and El Rancho Drive, Which Collectively See 30,000+ Cars Per Day (NDOT Estimate)
  • Over 263,000 Residents in a 5-Mile Radius

EXECUTIVE SUMMARY

The subject property is a 132,364 square-foot multi-tenant retail center known as Paradise Plaza, in Sparks, Nevada. This offering includes the anchor space, along with the attached in-line retail spaces. The anchor space is currently vacant, creating an excellent value-add opportunity for an investor, or an owner/user.
Including all outparcels (some of which are not a part of this offering), Paradise Plaza is an approximately 190,000 square-foot regional shopping center. The existing tenants include Wells Fargo, Walgreens, Jack-In-The Box, US Bank , Family Dollar, Octopharma Plasma, Pizza Plus, H&R Block, and more. In addition, Panda Express just purchased a building within the center, and intends to open a location immediately adjacent to the subject property.
Paradise Plaza is located at the intersection of Oddie Boulevard and El Rancho Drive, which collectively see over 30,000+ cars per day (NDOT Estimates). The subject property enjoys excellent frontage along Oddie Boulevard, and has great ingress & egress. Because of the desirable location of this intersection, the immediate surrounding area has received significant interest from developers. 288 new apartment units were constructed directly across the street in 2020, and an estimated $30-million dollar redevelopment project known as the "Oddie District" is nearly completed on the northwest corner of the intersection. These projects intend to accommodate the existing 260,000+residents who live within a 5-mile radius.
Offered at $11,300,000, this property offers investors and owner/users a true value-add opportunity. Even after factoring in tenant improvements and leasing commissions, this is a property that offers double digit unlevered returns through lease-up of existing vacancies.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Building Size
132,364 SF
Building Class
B
Year Built/Renovated
1968/1988
Price
$15,773,896 CAD
Price Per SF
$119.17 CAD
Percent Leased
27%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.32
Lot Size
9.39 AC
Zoning
MUD - Mixed-Use Development
Parking
850 Spaces (6.42 Spaces per 1,000 SF Leased)
Frontage
1,220’ on Oddie Blvd

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Decoraciones Nelly
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • -

Decoraciones Nelly specializes in decorations for events. Contact them if you are in need of decoration for parties or functions.

  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.

  • Retailer
  • -
  • -
  • -
  • Jan 0000

They stock fresh food daily and strive to provide delicious, healthy food at the best price. They aim to be your favorite neighborhood food market.

  • Administrative and Support Services
  • -
  • -
  • -
  • Jan 0000

At LaborMAX, their focus is always on doing the right thing for their clients, partners, and field team members. They also focus on putting the right people in the right job. LaborMAX Staffing was founded in 2002. The company began with one office in Las Vegas, Nevada, and has since grown to more than 105 branches in 31 states nationwide. LaborMAX has partners all over the country. Each entity focuses on specific industries that drive the local market. They know where the best people are, they understand the area and can deploy an on-demand staff from a local office. When clients partner with LaborMAX, they have all the advantages of working with a large company, but without the red tape.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Decoraciones Nelly Retailer - $9.99 Lorem Ipsum -
Retailer - $9.99 Lorem Ipsum Jan 0000
Retailer - - - Jan 0000
Administrative and Support Services - - - Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 21,813 SF
  • Retail
  • In-Line
  • Now
  • 1st Floor
  • 23,858 SF
  • Retail
  • In-Line
  • 30 Days

Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.

  • 2225
  • 7,911 SF
  • Retail
  • In-Line
  • Now

Former Family Dollar Suite

  • 2241
  • 1,507 SF
  • Retail
  • In-Line
  • 90 Days
  • 2245
  • 1,320 SF
  • Restaurant
  • In-Line
  • 90 Days
  • 2249
  • 1,200 SF
  • Retail
  • In-Line
  • Now

Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.

  • 2271
  • 1,245 SF
  • Retail
  • In-Line
  • Now
  • 2273
  • 1,678 SF
  • Retail
  • In-Line
  • Now

Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.

  • 2277
  • 1,197 SF
  • Retail
  • In-Line
  • Now
  • 2285
  • 3,609 SF
  • Retail
  • In-Line
  • Now

Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.

Space Size Space Use Position Available
1st Floor 21,813 SF Retail In-Line Now
1st Floor 23,858 SF Retail In-Line 30 Days
2225 7,911 SF Retail In-Line Now
2241 1,507 SF Retail In-Line 90 Days
2245 1,320 SF Restaurant In-Line 90 Days
2249 1,200 SF Retail In-Line Now
2271 1,245 SF Retail In-Line Now
2273 1,678 SF Retail In-Line Now
2277 1,197 SF Retail In-Line Now
2285 3,609 SF Retail In-Line Now

1st Floor

Size
21,813 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size
23,858 SF
Space Use
Retail
Position
In-Line
Available
30 Days

2225

Size
7,911 SF
Space Use
Retail
Position
In-Line
Available
Now

2241

Size
1,507 SF
Space Use
Retail
Position
In-Line
Available
90 Days

2245

Size
1,320 SF
Space Use
Restaurant
Position
In-Line
Available
90 Days

2249

Size
1,200 SF
Space Use
Retail
Position
In-Line
Available
Now

2271

Size
1,245 SF
Space Use
Retail
Position
In-Line
Available
Now

2273

Size
1,678 SF
Space Use
Retail
Position
In-Line
Available
Now

2277

Size
1,197 SF
Space Use
Retail
Position
In-Line
Available
Now

2285

Size
3,609 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size 23,858 SF
Space Use Retail
Position In-Line
Available 30 Days

Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.

2225

Size 7,911 SF
Space Use Retail
Position In-Line
Available Now

Former Family Dollar Suite

2249

Size 1,200 SF
Space Use Retail
Position In-Line
Available Now

Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.

2273

Size 1,678 SF
Space Use Retail
Position In-Line
Available Now

Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.

2285

Size 3,609 SF
Space Use Retail
Position In-Line
Available Now

Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.

Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Grocery Outlet
U.S. Bank
Bank of America
Winco Foods
Planet Fitness
Starbucks
Rent-A-Center
Bully's Sports Bar & Grill

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 031-012-41
  • 031-012-39
Land Assessment
$480,001 CAD
Improvements Assessment
$121,882 CAD
Total Assessment
$601,885 CAD
  • Listing ID: 37918802

  • Date on Market: 2025-10-02

  • Last Updated:

  • Address: 2125-2285 Oddie Blvd, Sparks, NV 89431

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