Masonry NNN Retail
For Sale
Contact for pricing
Pending
1639 Prater Way, Sparks, NV 89431
Masonry retail building leased 100% to ABC Lock & Glass on a triple-net term with four years remaining.
Property Size4,626 SF
Lot Size0.15 Acres
Days on Market122
Property Features for 1639 Prater Way
General Information
Standard status
Pending
Size
4,626 SF
Lot size
0.15 Acres
Property subtype
Retail
Occupancy
100%
Additional Details
Cap Rate
6.02%
Traffic Count
24,000 vehicles/day
Building Details
Construction
masonry
Tenancy
Single
Listing Agency:
Marcus & Millichap - Reno
(775) 348-5234
Listed By:
Bret Nicholson · License #NV S.0183859
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 9 at 12:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Reno
Investment Insights
Based on property information with market context.
The subject property is a 4,626-square-foot masonry retail building on 0.15 acres of commercial land, occupied entirely by ABC Lock & Glass. The tenant’s triple-net lease is in place with four years remaining on the initial term.
The site is located near the signalized intersection of Prater Way and Rock Boulevard, with exposure estimated at over 24,000 cars per day (MPSI). The surrounding area is described as having dense population support, with 115,000+ residents within a 3-mile radius.
This offering is presented for sale at $650,000 (6.02% cap rate), positioning the property as an income-producing, single-tenant NNN asset.
The site is located near the signalized intersection of Prater Way and Rock Boulevard, with exposure estimated at over 24,000 cars per day (MPSI). The surrounding area is described as having dense population support, with 115,000+ residents within a 3-mile radius.
This offering is presented for sale at $650,000 (6.02% cap rate), positioning the property as an income-producing, single-tenant NNN asset.
Key Highlights
- 4,626 SF masonry commercial building on 0.15 acres
- Tenant ABC Lock & Glass leases 100% of the space on a triple‑net (NNN) term
- Triple‑net lease has four years remaining on the initial term
Property Analytics
Current Use
Lease Details
24,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Explore this area
Business Placement
Demographics for 89431, NV
40,219
Population
16,858
Households
2.4
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
9.2 sq mi
ZIP Area
4,372
Density / Sq Mi
$64,496
Median Household Income
$39,589
Median Earnings
$1,276
Median Rent
$332,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Masonry retail building leased 100% to ABC Lock & Glass on a triple-net term with four years remaining.
Where is this retail space located?
The property is located at 1639 Prater Way Sparks, NV.
What are key features of this property?
This property features: 4,626 SF masonry commercial building on 0.15 acres; Tenant ABC Lock & Glass leases 100% of the space on a triple‑net (NNN) term; Triple‑net lease has four years remaining on the initial term
