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Investment Highlights

  • Heavy traffic counts
  • Located in a great spot with easy access and lots of residents nearby
  • Lots of foot traffic during business hours

Executive Summary

This well-established commercial complex consists of four buildings with a total leasable square footage of 26,901 and 16 total units, many of which are occupied by long-term tenants. The property generates an annual net operating income of $371,364, with total revenues of $461,364 and expenses of $90,000. With approximately 10,000 square feet of roughed-out space available for lease at a competitive rate of $1.50 per square foot ($1.10 for rent and $0.40 for CAMs), there is substantial income potential. If fully leased, the cap rate could reach nine percent. Given that replacement costs exceed $12 million, this is a rare opportunity to acquire a high-performing asset well below today’s construction costs. Whether seeking stable cash flow or a value-add investment, this property presents an outstanding opportunity

Data Room Click Here to Access

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $628,811 $22.74
Other Income - -
Vacancy Loss - -
Effective Gross Income $628,811 $22.74
Taxes - -
Operating Expenses $122,665 $4.44
Total Expenses $122,665 $4.44
Net Operating Income $506,147 $18.31

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $628,811
Annual Per SF $22.74
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $628,811
Annual Per SF $22.74
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual $122,665
Annual Per SF $4.44
Total Expenses (CAD)
Annual $122,665
Annual Per SF $4.44
Net Operating Income (CAD)
Annual $506,147
Annual Per SF $18.31

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
27,649 SF
Building Class
B
Year Built
2006
Price
$9,438,359 CAD
Price Per SF
$341.36 CAD
Cap Rate
5.17%
NOI
$488,425 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
3.10 AC
Zoning
NC - Retail - Commercial Zoning
Parking
100 Spaces (3.62 Spaces per 1,000 SF Leased)

Amenities

  • Signalized Intersection
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Health Care and Social Assistance
  • 4,800 SF
  • $3.60 CAD
  • Triple Net
  • Dec 2030

Barton Health is a not-for-profit, equal opportunity employer and does not discriminate on the basis of sex, age, religion, creed, national origin, race or handicap in its relationship with patients, visitors or employees.

  • BR Lindeza Skincare
  • Professional, Scientific, and Technical Services
  • 804 SF
  • $2.32 CAD
  • Triple Net
  • Oct 2029
  • Diamond Nails
  • Professional, Scientific, and Technical Services
  • 1,475 SF
  • $2.47 CAD
  • Triple Net
  • Jul 2030
  • Finance and Insurance
  • 950 SF
  • $2.39 CAD
  • Triple Net
  • Jun 2028

Edward Jones began in 1922 when Edward D. Jones Sr. established the company in Missouri. The firm pioneered the branch office brokerage model in the United States. Today, it operates as a financial services company providing investment solutions for individual investors. Their business model focuses on personalized financial advice through local branches. Edward Jones serves clients across North America with various financial products and guidance services.

  • Health Benefits Associates Inc.
  • Professional, Scientific, and Technical Services
  • 827 SF
  • $2.51 CAD
  • Triple Net
  • Apr 2025
  • Professional, Scientific, and Technical Services
  • 3,495 SF
  • $4.10 CAD
  • Triple Net
  • Apr 2030

Thank you for visiting us online! We appreciate the opportunity to give you a peek at who we are at Quail Ridge Animal Hospital. Being a veterinary practice in Southern Carson City, we have the wonderful opportunity to fill a niche needed in our community. The need for an exotic animal practitioner is increasing by leaps and bounds in Douglas, Lyon, and Carson Counties. People are in need of a veterinarian who can take care of the whole family. Here at Quail Ridge Animal Hospital we love all the fuzzy, furry, feathery, and scaly creatures that you consider part of your family. We offer many services to meet your needs for dogs, cats, birds, exotics, pocket pets, and reptiles. With our state-of-the-art veterinary facilities, we are able to perform a large variety of procedures as well as practice quality diagnostics and medicine catered to each pet.

  • Roys Restaurant
  • Accommodation and Food Services
  • 3,347 SF
  • $1.79 CAD
  • Triple Net
  • Apr 2028
  • Van Gogh and Vino
  • Arts, Entertainment, and Recreation
  • 626 SF
  • $2.45 CAD
  • Triple Net
  • Mar 2025
  • Win's Wheels, Inc.
  • Arts, Entertainment, and Recreation
  • 1,175 SF
  • $2.93 CAD
  • Triple Net
  • Oct 2026
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Health Care and Social Assistance 4,800 SF $3.60 CAD Triple Net Dec 2030
BR Lindeza Skincare Professional, Scientific, and Technical Services 804 SF $2.32 CAD Triple Net Oct 2029
Diamond Nails Professional, Scientific, and Technical Services 1,475 SF $2.47 CAD Triple Net Jul 2030
Finance and Insurance 950 SF $2.39 CAD Triple Net Jun 2028
Health Benefits Associates Inc. Professional, Scientific, and Technical Services 827 SF $2.51 CAD Triple Net Apr 2025
Professional, Scientific, and Technical Services 3,495 SF $4.10 CAD Triple Net Apr 2030
Roys Restaurant Accommodation and Food Services 3,347 SF $1.79 CAD Triple Net Apr 2028
Van Gogh and Vino Arts, Entertainment, and Recreation 626 SF $2.45 CAD Triple Net Mar 2025
Win's Wheels, Inc. Arts, Entertainment, and Recreation 1,175 SF $2.93 CAD Triple Net Oct 2026

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 1420-07-619-004
  • 1420-07-619-001
  • 1420-07-619-005
  • 1420-07-619-003
  • 1420-07-619-002
Land Assessment
$412,439 CAD (2026)
Improvements Assessment
$1,484,033 CAD (2026)
Total Assessment
$1,896,472 CAD (2026)
Annual Taxes
$0 CAD ($0.00 CAD/SF)
Tax Year
2024
  • Listing ID: 34923756

  • Date on Market: 2025-02-24

  • Last Updated:

  • Address: 931-939 Mica Dr, Carson City, NV 89705

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