Sparks Retail for Sale
TWG is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, VCA
investment property located in Sparks, Nevada. The tenant, VCA Baring Boulevard Animal Hospital, purchased the business operations of the former CAPNA facility
and currently has over 5 years remaining in their initial lease term and 2 (5-year) option periods to extend. The lease is NNN with landlord responsibilities limited to
roof, structure, foundation, and parking lot.
The VCA is located near the signalized, hard corner intersection of Baring Blvd and State Highway 659, averaging a combined 28,300 vehicles passing by daily.
State Highway 659 is a belt line highway system that serves the downtown Reno-Sparks area, providing an alternative commuter route as well as access to many
commercial districts throughout both cities. The site is surrounded by a number of master planned communities, contributing to more than 68,400 households
within a 5-mile radius, providing a direct consumer base to draw from. VCA is also located near multiple national/credit tenants including Smith’s, Safeway,
Walgreens, Anytime Fitness, and more, further increasing consumer draw to the subject area. The 5-mile trade area is supported by a population of nearly 184,000
residents and more than 125,000 employees. Residents within the more immediate 1-mile trade area have an average household income of $72,520.
The Reno-Sparks market has seen an influx of large, multi-national corporations to the region, such as Teslas Gigafactory, approximately 20 miles east of VCA, as
well as Google, who is in the process of building a new data center campus within the same region.
