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305 Lemmon Dr Reno, NV 89506

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For Sale
$5,058,776

Absolute NNN lease Walgreens with zero landlord obligations.

Lot size:
2.32 Acres

Property Features for 305 Lemmon Dr

General Information

Lot size
2.32 Acres

Source: Matthews Real Estate Investment Services Agent David Harrington

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Walgreens NNN Lease Investment

This Walgreens property, constructed in 2009, has been in operation for over 15 years. The property is strategically located on the corner of Lemmon Drive and Vista Parkway, benefiting from high traffic counts of approximately 35,000 cars per day. The surrounding area includes national tenants such as Walmart, Smith’s, Grocery Outlet, Raley’s, O’Reilly Auto Parts, Jack in the Box, Starbucks, and Bank of America, along with numerous new retail developments. The investment is structured as an Absolute NNN lease, offering hands-off ownership. Since 2014, there has been approximately 4,000,000 square feet of industrial developments within a 5-mile radius of the property, including national brands like Amazon Fulfillment Center, Chewy Fulfillment Center, JCPenney Logistics Center, and Petco Distribution Center. The property is located in Nevada, which has no state income tax.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy Adrienne Malroux, RPH Pharmacy Deisy M. Serrano, ... Pharmacy COVID-19 Drive-Thru Testing ... Pharmacy

Suggested Use

Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

CVS, Smith's Pharmacy, CVS Pharmacy, Raley's Pharmacy, Shuo Gao

Location Insight

  • Map
  • Local Demand
City
Reno
County
Washoe
State
Nevada
Longitude
-119.8492923
Latitude
39.6148503

FAQs

What type of property is this?
Drug store - Absolute NNN lease Walgreens with zero landlord obligations.
Where is this drug store located?
The property is located at 305 Lemmon Dr Reno, NV.
What is the asking price?
The asking price for this property is $5,058,776.
What are key features of this property?
This property features: - Absolute NNN lease provides hands-off ownership with zero landlord obligations.; - **High traffic location** at the corner of Lemmon Dr. & Vista Pwky with ±35,000 cars passing per day.; - Long-term operating history: Walgreens has been in operation at this location for over 15 years since its construction in 2009.
More about this property
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