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
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