Details
| APN | 037-020-81 | Property Type | Retail |
| Sub Type | QSR/Fast Food | Square Footage | 3,524 |
| Net Rentable (SqFt) | 3,524 | Units | 2 |
| Cap Rate | 5.35% | NOI | $145,309 |
| Occupancy | 100% | Tenancy | Multi |
| Brand/Tenant | Starbucks, Panda Express | Lease Type | NN+ |
| Price per SqFt | $770 | Year Built | 2003 |
| Buildings | 1 | Acreage | 0.760 |
| Zoning | MUD – Mixed Use Development | Parking Spaces | 23 spaces |
| Parking per 1,000 SqFt | 6.53 | Investment Type | Stabilized |
| Tenant Credit | Corporate Guarantee | Ground Lease | No |
Retail | 5.35% CAP | Reno MSA
Marketing Description
The subject property, 745 Sparks Blvd is a rare opportunity to acquire a 100% occupied, dual-tenant retail asset in one of the most established retail corridors in Sparks, Nevada. The property is leased to two of the strongest national quick-service brands in the country, Panda Express and Starbucks, operating from a 3,524 square-foot freestanding building constructed in 2003 on a large 0.76-acre parcel with a drive-thru, ample parking, excellent access, and prominent frontage along Sparks Boulevard.
Offered at $2,715,000 and a 5.35% cap rate, the asset provides investors with in-place net income of $145,309 per year. The Leases are backed by nationally recognized tenants that are highly resistant to e-commerce pressures and thrive on this location’s daily consumer traffic, convenience, and drive-to accessibility.
The property is strategically positioned between dense residential neighborhoods, medical users, neighborhood retail, and other major regional traffic drivers. The site benefits from over 32,800 vehicles per day along Sparks Blvd and is on one of the primary corridors for residents traveling between residential areas in Sparks/Spanish Springs, and workforce centers like Downtown Reno. The site’s visibility, access, and surrounding retail ecosystem create an ideal long-term location for a variety of quick-service dining concepts.
Investment highlights
- Drive-Thru and Ample Parking
- 100% leased to Panda Express and Starbucks
- 172,000+ Residents in a 5-Mile Radius
- Frontage along Sparks Blvd (32,800+ Daily Traffic Counts)
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.
