$2,650,000

Details

APN 502-120-19 Property Type Office
Sub Type Traditional Office, Medical Office Square Footage 5,568
Cap Rate 6.73% Tenancy Multi
Lease Type NNN Year Built 2001
Year Renovated 2025 Buildings 1
Acreage 0.676 Zoning General Commercial
Parking Spaces 32 spaces Parking per 1000 SqFt 5.75

Office | 6.73% CAP | 5,568 SqFt

Marketing description

DCG is pleased to present 1055 N. Hills Blvd for sale. This investment opportunity features a multi-tenant commercial property situated on approximately ±0.676 acres with ±32 parking spaces.

Suite A (±4,568 SF)

  1. Occupied by Desert Valley Dental (AHV Network Holdings Reno).
  2. Initial 10-year NNN lease with expiration on February 28, 2035.
  3. Annual rent increases of 3%.

Suite B (±1,000 SF Total)

  1. State Farm currently occupies approximately 500 SF on a month-to-month basis.
  2. Remaining approximately 500 SF is available for lease.
  3. Additional ±508 SF storage/mezzanine area not included in the stated building square footage.

The property offers excellent visibility from US Highway 395 North and is strategically located adjacent to major retailers, service providers, and employers, including Raley’s Grocery, Renown Health, US Bank, USPS, Subway, Greater Nevada Credit Union, Amazon, and numerous national retailers and corporate tenants.

Investment highlights

  • Suite A (4,568+ SF) Desert Valley Dental (AHV Network Holdings Reno).
  • Initial 10 year NNN lease expiring 2/28/2035. 3% annual rent increases.
  • Suite B (1,000 SF total) State Farm occupies 500+ SF month-to-month; remaining 500+ SF available for lease. Additional ±508 SF storage/mezzanine not included in building SF.
  • .676+/- acres; 32+/- parking spaces.
  • Visibility from US 395N, adjacent to Raley’s Grocery, Renown Health, US Bank, USPS, Subway, Greater Nevada Credit Union, Amazon and various nation retailers and corporate tenants.

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.

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