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745 Sparks Blvd
Sparks, NV 89434
Retail Property For Sale
Investment Highlights
- ?Drive-Thru and Ample Parking
- ?172,000+ Residents in a 5-Mile Radius
- ?100% leased to Panda Express and Starbucks
- v
Executive Summary
The subject property, 745 Sparks Blvd is a rare opportunity to acquire a 100% occupied, dual-tenant retail asset in one of the
most established retail corridors in Sparks, Nevada. The property is leased to two of the strongest national quick-service
brands in the country, Panda Express and Starbucks, operating from a 3,524 square-foot freestanding building constructed in
2003 on a large 0.76-acre parcel with a drive-thru, ample parking, excellent access, and prominent frontage along Sparks
Boulevard.
Offered at $2,715,000 and a 5.35% cap rate, the asset provides investors with in-place net income of $145,309 per year. The
Leases are backed by nationally recognized tenants that are highly resistant to e-commerce pressures and thrive on this
location’s daily consumer traffic, convenience, and drive-to accessibility.
The property is strategically positioned between dense residential neighborhoods, medical users, neighborhood retail, and
other major regional traffic drivers. The site benefits from over 32,800 vehicles per day along Sparks Blvd and is on one of the
primary corridors for residents traveling between residential areas in Sparks/Spanish Springs, and workforce centers like
Downtown Reno. The site’s visibility, access, and surrounding retail ecosystem create an ideal long-term location for a variety
of quick-service dining concepts.
most established retail corridors in Sparks, Nevada. The property is leased to two of the strongest national quick-service
brands in the country, Panda Express and Starbucks, operating from a 3,524 square-foot freestanding building constructed in
2003 on a large 0.76-acre parcel with a drive-thru, ample parking, excellent access, and prominent frontage along Sparks
Boulevard.
Offered at $2,715,000 and a 5.35% cap rate, the asset provides investors with in-place net income of $145,309 per year. The
Leases are backed by nationally recognized tenants that are highly resistant to e-commerce pressures and thrive on this
location’s daily consumer traffic, convenience, and drive-to accessibility.
The property is strategically positioned between dense residential neighborhoods, medical users, neighborhood retail, and
other major regional traffic drivers. The site benefits from over 32,800 vehicles per day along Sparks Blvd and is on one of the
primary corridors for residents traveling between residential areas in Sparks/Spanish Springs, and workforce centers like
Downtown Reno. The site’s visibility, access, and surrounding retail ecosystem create an ideal long-term location for a variety
of quick-service dining concepts.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,928 SF
Building Class
B
Year Built
2003
Price
$3,848,323 CAD
Price Per SF
$1,314.32 CAD
Cap Rate
5.35%
NOI
$205,965 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
0.76 AC
Opportunity Zone
Yes
Zoning
C2
Parking
42 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
52’ on Sparks Blvd
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 037-020-44 | Improvements Assessment | $399,769 CAD |
| Land Assessment | $223,781 CAD | Total Assessment | $623,550 CAD |
Property Taxes
Parcel Number
037-020-44
Land Assessment
$223,781 CAD
Improvements Assessment
$399,769 CAD
Total Assessment
$623,550 CAD
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