N Wells Ave Reno, NV 89502
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
Nearby Similar for Sale
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.