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3004-3098 Kietzke Ln 24,753 SF 100% Leased Retail Building Reno, NV 89502 $6,322,725 CAD ($255.43 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Prime Kietzke Lane Location with strong traffic counts and excellent visibility
- 100% leased to a diverse mix of restaurant, retail, and service tenants
- Value-add potential through rent growth and exterior upgrades
- 24,753 SF multi-tenant retail center with stable, long-term occupants
- Ample surface parking with easy access and signage opportunities
- Minutes from Midtown Reno and Reno–Tahoe International Airport
Executive Summary
Sidley Real Estate International is pleased to present a multi-tenant retail investment opportunity located in the heart of Reno’s bustling Kietzke Lane corridor.
Clarkson Plaza is a 24,753 SF neighborhood retail center comprised of eleven tenants, featuring a diverse mix of restaurant, service, and retail businesses. Current tenants include Dollar Plus Mini Mart, Reno Pho, Panaderia la Espiga Bakery, Big O Tires, and more.
The property sits along one of Reno’s highest-traffic commercial streets, offering excellent visibility, access, and strong surrounding demographics. With stable occupancy and upside potential through rent growth and exterior upgrades, Clarkson Plaza represents a strong investment opportunity in a high-demand trade corridor minutes from Midtown Reno and the Reno–Tahoe International Airport.
Clarkson Plaza is a 24,753 SF neighborhood retail center comprised of eleven tenants, featuring a diverse mix of restaurant, service, and retail businesses. Current tenants include Dollar Plus Mini Mart, Reno Pho, Panaderia la Espiga Bakery, Big O Tires, and more.
The property sits along one of Reno’s highest-traffic commercial streets, offering excellent visibility, access, and strong surrounding demographics. With stable occupancy and upside potential through rent growth and exterior upgrades, Clarkson Plaza represents a strong investment opportunity in a high-demand trade corridor minutes from Midtown Reno and the Reno–Tahoe International Airport.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
24,753 SF
Building Class
C
Year Built
1963
Price
$6,322,725 CAD
Price Per SF
$255.43 CAD
Cap Rate
6.50%
NOI
$410,977 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
1.73 AC
Zoning
GC - General Commercial
Frontage
75,358’ on Gentry Way & Kietzke Ln
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 020-141-16 | Improvements Assessment | $414,803 CAD |
| Land Assessment | $761,378 CAD | Total Assessment | $1,176,180 CAD |
Property Taxes
Parcel Number
020-141-16
Land Assessment
$761,378 CAD
Improvements Assessment
$414,803 CAD
Total Assessment
$1,176,180 CAD
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Presented by
Sidley Real Estate International LLC
3004-3098 Kietzke Ln
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