NNN Anchor Tenant
For Sale
$10,735,700
2970 & 2990 Northtowne Lane, Reno, NV 89512
Two occupied anchor buildings within Northtowne Plaza are available with NNN leases and scheduled rent increases.
Property Size45,118 SF
Price / SF$237.95
Days on Market37
Property Features for 2970 & 2990 Northtowne Lane
General Information
Standard status
Active
Size
45,118 SF
Property subtype
Retail
Building Details
Year Built
2000
Listing Agency:
SVN | Goldust Commercial
(775) 721-7023
Listed By:
Jack Brower, CCIM · License #NV #BS.41614.LLC
Source:
Nvcg
Added: Jun 24
Changed: Jul 23
Last Checked: Jul 30 at 3:51AM
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 SVN | Goldust Commercial
Investment Insights
Based on property information with market context.
Two anchor tenant buildings are available for sale within Northtowne Plaza shopping center, totaling 45,118 square feet. The properties are currently occupied under NNN leases with corporate guarantees.
The offering includes two quality tenants with scheduled increases in rent. A new roof was installed in 2025 with a 20-year warranty.
Presented as NNN assets with corporate-backed leases, the buildings offer an income-oriented structure inside a larger retail shopping center in Reno, Nevada.
The offering includes two quality tenants with scheduled increases in rent. A new roof was installed in 2025 with a 20-year warranty.
Presented as NNN assets with corporate-backed leases, the buildings offer an income-oriented structure inside a larger retail shopping center in Reno, Nevada.
Key Highlights
- Two anchor tenant buildings totaling 45,118 SF within Northtowne Plaza
- Occupied by NNN leases with corporate guarantees
- Year built: 2000
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $893.3k | $19.80 |
| − Vacancy | −$77.7k | −$1.72 |
| EGI | $815.6k | $18.08 |
| − OpEx | −$244.7k | −$5.42 |
| NOI | $570.9k | $12.65 |
45,118 SF · lease $19.80/SF/yr · vacancy 8.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.16M
$7.14M – $9.52M
NOI $570,931 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.90M
$12.17M – $16.22M
NOI $973,336 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89512, NV
30,148
Population
12,374
Households
2.4
Avg Household Size
30
Median Age
18%
College-Educated
76%
High-School Grad
6.2 sq mi
ZIP Area
4,863
Density / Sq Mi
$45,284
Median Household Income
$34,587
Median Earnings
$1,113
Median Rent
$318,400
Median Home Value
Market
Vacancy Rate% for Retail in Reno, NV
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Two occupied anchor buildings within Northtowne Plaza are available with NNN leases and scheduled rent increases.
Where is this shopping center located?
The property is located at 2970 & 2990 Northtowne Lane Reno, NV.
What is the asking price?
The asking price for this property is $10,735,700.
What are key features of this property?
This property features: Two anchor tenant buildings totaling 45,118 SF within Northtowne Plaza; Occupied by NNN leases with corporate guarantees; Year built: 2000
