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635 Denmark Dr Sparks, NV 89434

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19,200 SF industrial property within Tahoe Reno Industrial Center.

Property size:
19,200 SF
Lot size:
4.97 Acres

Property Features for 635 Denmark Dr

General Information

Size
19,200 SF
Lot size
4.97 Acres

Source: CBRE | Portland Agent Joey Blatner

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


Overview

Industrial Property in Tahoe Reno

This 19,200 square foot industrial property is located within the Tahoe Reno Industrial Center, the largest of its kind in the United States, spanning 107,000 acres. The location is approximately 20 miles from Reno, Nevada, placing it within the Reno/Sparks Metropolitan area, which has a population of nearly 500,000 and a workforce exceeding 250,000. The property is situated just east of USA Parkway, providing easy access to Interstate 80 and the Union Pacific Intercontinental Rail Line, which is a 5-minute drive to the north. Interstate 80 spans 2,900 miles from San Francisco, CA, to New York City. The Industrial Center is equipped with 5 power plants on site producing more than 900 megawatts. A new 10-year absolute net lease will commence in approximately June of 2022, with no landlord responsibilities. The lease includes 2% annual rent increases throughout the first 5 years of the main term and 3% annual increases throughout the last 5 years of the main term, as well as 3% annual increases included in the two, 10-year options to extend. Commercial Metals Company (CMC) guarantees the lease. CMC is the United States’ largest manufacturer of steel reinforcing bar and is a global leader in concrete reinforcement. CMC reports Q2 FY22 earnings of $188M and Core EBITDA of $323M. Earnings are up 373% from the same time as the previous year. Annual Revenue stands at approximately $5.476 billion. CMC’s market Cap is $2.6 trillion as of December 31, 2021.
Insight Report Location Intelligence

Current Use by Public Records

CMC Rebar Steel Distributor

Suggested Use

Auto Parts Store HVAC Service Grocery Store Furniture Store Car Rental Shopping Mall Food Market Building Supply Daycare Center Wholesale Shop

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

Location Insight

  • Map
  • Local Demand
City
Sparks
County
Washoe
State
Nevada
Longitude
-119.4752887
Latitude
39.5432113

FAQs

What type of property is this?
Warehouse - 19,200 SF industrial property within Tahoe Reno Industrial Center.
Where is this warehouse located?
The property is located at 635 Denmark Dr Sparks, NV.
What are key features of this property?
This property features: - Long Term Absolute Net Lease: New 10-year lease commenced in June 2022 with no landlord responsibilities.; - Corporate Guaranty: Guaranteed by Commercial Metals Company (CMC), a major manufacturer.; - Great Hedge Against Inflation: Features annual rent increases (2% for the first 5 years, 3% thereafter and during option periods).
More about this property
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