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24 Hr Dwntn Walgreens w/ Drive Thru Pharmacy 750 N Virginia St 15,067 SF Retail Building Reno, NV 89501 For Sale
Investment Highlights
- University Corridor / Infill Location
- High Yield Net Lease
- Potential Covered Land Play
Executive Summary
This is a corporate Walgreens NNN lease with long-term duration to 2064 but subject to rolling 5-year tenant termination options beginning in 2027.
Primary value driver for buyers is whether Walgreens exercises the 2027 termination option or remains in place.
With its prime location, this property offers excellent accessibility and high traffic, making it an attractive option for businesses seeking a vibrant and bustling environment. The proximity to downtown Reno adds to its value, providing easy access to a variety of amenities, dining, and entertainment options.
Furthermore, the area's mixed-use zoning allows for flexible development opportunities, catering to a diverse range of commercial needs. This makes it not only a lucrative investment but also a strategic choice for future growth and expansion.
Primary value driver for buyers is whether Walgreens exercises the 2027 termination option or remains in place.
With its prime location, this property offers excellent accessibility and high traffic, making it an attractive option for businesses seeking a vibrant and bustling environment. The proximity to downtown Reno adds to its value, providing easy access to a variety of amenities, dining, and entertainment options.
Furthermore, the area's mixed-use zoning allows for flexible development opportunities, catering to a diverse range of commercial needs. This makes it not only a lucrative investment but also a strategic choice for future growth and expansion.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
15,067 SF
Building Class
C
Year Built
2002
NOI
$625,956 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.76 AC
Opportunity Zone
Yes
Zoning
MD-UD
Parking
60 Spaces (3.98 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Walgreens Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 007-216-31 | Improvements Assessment | $989,799 CAD |
| Land Assessment | $1,104,380 CAD | Total Assessment | $2,094,178 CAD |
Property Taxes
Parcel Number
007-216-31
Land Assessment
$1,104,380 CAD
Improvements Assessment
$989,799 CAD
Total Assessment
$2,094,178 CAD
Contacts
-
Matt Harris -
Christian Stolo -
Catherine Rutherford -
Ben Harris -
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24 Hr Dwntn Walgreens w/ Drive Thru Pharmacy | 750 N Virginia St
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