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960 S Virginia St 18,258 SF 100% Leased Retail Building Reno, NV 89502 $11,642,535 CAD ($637.67 CAD/SF) 6.35% Cap Rate
Investment Highlights
- Historic 1927 Shoshone Coca-Cola Bottling landmark with prime S Virginia St frontage. Fully Renovated 2026.
- MU-MC zoning, on-site surface parking, dedicated Midtown destination
- Curated tenant mix: dining, coffee, bar, wellness, barber, liquor retail, office
- 100% occupied with diversified NNN tenancy - $539,750 NOI at 6.35% cap rate
- Authentic brick architecture with modern storefront glazing and tenant improvements
Executive Summary
Exclusive offering of 960 S Virginia St, a fully renovated (2026) 18,920 SF multi-tenant retail & office asset in the heart of Reno's Midtown (AJBQ) District. Originally built in 1927 as the Shoshone Coca-Cola Bottling Company, this historic brick landmark underwent a complete renovation in 2026, adaptively transforming it into a curated lifestyle destination featuring dining, coffee, bar, wellness, barber, office, and high-quality liquor retail.
100% occupied with diversified NNN-structured tenancy generating $539,750 NOI at a 6.35% cap rate. Stabilized, cash-flowing asset with prime S Virginia St frontage, dedicated on-site surface parking, and MU-MC (Mixed Use – Midtown Corridor) zoning supporting a broad range of future uses. Limited supply, high barriers to entry, and strong demographic tailwinds (3-mile median HH income $59,727; 5-mile population 193,252) underpin long-term rent growth and value creation.
A rare opportunity to acquire an irreplaceable Midtown landmark with proven in-place income and meaningful upside.
TENANT PROFILES:
Bora (Restaurant, 3,350 SF) — Full-service dining concept anchoring evening traffic and serving as a primary destination driver.
Drink Coffee Do Stuff (Coffee, 3,265 SF) — Popular specialty coffee roaster driving consistent daily foot traffic and activating the morning trade area.
Selden (Bar/Lounge, 2,455 SF) — Sophisticated bar concept that complements the restaurant mix, extending dwell times and evening vibrancy.
Haumbody Sanctuary (Wellness, 3,000 SF) — Established yoga and fitness studio creating loyal, recurring visitation patterns throughout the week.
Members Only (Service/Barber, 1,800 SF) — Premium barber and grooming service providing steady daytime utilization and cross-shopping potential.
Marmot Properties (Office, 1,810 SF) — Real estate development and management firm (Owner-User), utilizing office space on-site.
Proof Wholesale (Retail, 3,240 SF) — High-quality liquor store serving Midtown's affluent residential and hospitality clientele. Well-positioned to capture evening and weekend traffic from surrounding dining and entertainment venues.
100% occupied with diversified NNN-structured tenancy generating $539,750 NOI at a 6.35% cap rate. Stabilized, cash-flowing asset with prime S Virginia St frontage, dedicated on-site surface parking, and MU-MC (Mixed Use – Midtown Corridor) zoning supporting a broad range of future uses. Limited supply, high barriers to entry, and strong demographic tailwinds (3-mile median HH income $59,727; 5-mile population 193,252) underpin long-term rent growth and value creation.
A rare opportunity to acquire an irreplaceable Midtown landmark with proven in-place income and meaningful upside.
TENANT PROFILES:
Bora (Restaurant, 3,350 SF) — Full-service dining concept anchoring evening traffic and serving as a primary destination driver.
Drink Coffee Do Stuff (Coffee, 3,265 SF) — Popular specialty coffee roaster driving consistent daily foot traffic and activating the morning trade area.
Selden (Bar/Lounge, 2,455 SF) — Sophisticated bar concept that complements the restaurant mix, extending dwell times and evening vibrancy.
Haumbody Sanctuary (Wellness, 3,000 SF) — Established yoga and fitness studio creating loyal, recurring visitation patterns throughout the week.
Members Only (Service/Barber, 1,800 SF) — Premium barber and grooming service providing steady daytime utilization and cross-shopping potential.
Marmot Properties (Office, 1,810 SF) — Real estate development and management firm (Owner-User), utilizing office space on-site.
Proof Wholesale (Retail, 3,240 SF) — High-quality liquor store serving Midtown's affluent residential and hospitality clientele. Well-positioned to capture evening and weekend traffic from surrounding dining and entertainment venues.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
18,258 SF
Building Class
B
Year Built/Renovated
1928/2026
Price
$11,642,535 CAD
Price Per SF
$637.67 CAD
Cap Rate
6.35%
NOI
$739,301 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.61 AC
Opportunity Zone
Yes
Zoning
MU-MC
Parking
12 Spaces (0.66 Spaces per 1,000 SF Leased)
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 014-066-01 | Improvements Assessment | $227,496 CAD |
| Land Assessment | $387,770 CAD | Total Assessment | $615,266 CAD |
Property Taxes
Parcel Number
014-066-01
Land Assessment
$387,770 CAD
Improvements Assessment
$227,496 CAD
Total Assessment
$615,266 CAD
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960 S Virginia St
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