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N Wells Ave Reno, NV 89502

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For Sale
$12,000,000

Land with existing ground lease and income potential.

Lot size:
10.77 Acres

Property Features for N Wells Ave

General Information

Lot size
10.77 Acres
Source: Moodyscre

Listing Agent: Reed Simmons

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


Overview

Land with Ground Lease Income

This property includes a ground lease for Reno Rendering, with approximately 5 years remaining on the lease term. The lease is structured as a triple net lease, generating an annual rent of $96,000. The lease agreement does not include any options for renewal, but it does provide a right of first refusal. The offering price includes four houses located on Winston Drive, which are included for the purpose of providing access to the property.
Location Intelligence

Current Use by Public Records

Land

Map

City
Reno
County
Washoe
State
Nevada
Longitude
-119.802759
Latitude
39.52794

FAQs

What type of property is this?
Land - Land with existing ground lease and income potential.
Where is this land located?
The property is located at N Wells Ave Reno, NV.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: - Price includes 4 houses on Winston Dr. for access purposes.; - Ground lease with right of first refusal included.; - Annual rent of $96,000.
More about this property
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