Details
| APN | 006-074-37 | Property Type | Office |
| Sub Type | Medical Office, Traditional Office | Square Footage | 3,245 |
| Cap Rate | 6.25% | NOI | $76,460 |
| Occupancy | 100% | Tenancy | Single |
| Lease Type | Absolute NNN | Lease Term | 12 |
| Lease Expiration | 03/31/2030 | Remaining Term | 4.1 |
| Rent Bumps | Yes | Lease Options | 1 |
| Price per SqFt | $377 | Broker Co-Op | Yes |
| Class | B | Year Built | 1948 |
| Year Renovated | 2023 | Buildings | 1 |
| Stories | 2 | Zoning | PO |
| Investment Type | Net Lease | Lease Commencement | 04/01/2018 |
| Ground Lease | No |
NNN LEASED INVESTMENT
Marketing description
Johnson Group Commercial is pleased to offer for sale a NNN-leased building to Visionary Partners NV, LLC – Pritchett Eye Care Associates, centrally located in Reno NV. This approximately 3,245 sq property, complete with a basement, has undergone recent upgrades and provides convenient on-site parking. It offers excellent accessibility to the University of Nevada,
Investment highlights
- Healthcare office, currently being occupied by Visionary Partners NV, LLC – Pritchett Eye Care Associates – Keystone
- NNN LEASE – current term expires 3/31/30
- Newer roof approx. 2 years old
- Zoning: PO
- 3% annual rent increases!
Valuation Metrics
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