Details
| Property Type | Retail | Sub Type | Shopping Center |
| Square Footage | 4,828 | Cap Rate | 6% |
| NOI | $126,912 | Occupancy | 100% |
| Tenancy | Multi | Lease Type | NNN |
| Price per SqFt | $438 | Year Built | 1983 |
| Buildings | 1 | Stories | 1 |
| Acreage | 0.860 |
Retail | 6.00% CAP | 4,828 SqFt
Marketing description
This is the kind of strip center investors chase. Shops at Ironhorse is a 100% leased NNN retail strip with a long track record of tenant retention, located inside a FoodMaxx-anchored power center in the heart of Sparks, NV. Every tenant has renewed at least once, most have been in place for 10+ years, and annual rent increases are already baked in. Positioned just off Interstate 80 in Sparks—one of the fastest-growing metros in the country—this asset benefits from strong demographics, consistent traffic, and a pro-business Nevada environment with no state income tax.
Investment highlights
- Ideal Location within Grocery Anchored Center
- Exceptional Historical Occupancy & Tenant Retention
- Prime Access Along A Vital Regional Thoroughfare
- Durable Income with Annual Rent Growth
- Sparks: Rapidly Growing and Pro-Business
- Located in the Reno MSA, an Established Technology Hub
Valuation Metrics
Third-Party Listings Disclaimer
All commercial and investment properties shown are sourced from Crexi and are listed by third-party brokers, as indicated by the Broker Reciprocity logo. Lillian Wong provides buyer representation for these and similar commercial properties. Contact Lillian to schedule showings, request offering memoranda, or discuss investment strategy.
Information is supplied by listing brokers and other third parties and has not been verified. All pricing, property details, and availability are subject to change without notice. Interested buyers should contact Lillian directly to verify current status and arrange due diligence.
Source: Crexi. All listings represented by third-party brokers. Lillian Wong represents buyers in commercial transactions.
