Three-Building Multifamily Master
For Sale
Contact for pricing
1002 S Arlington Ave, Reno, NV 89509
Three stabilized apartment buildings are master-leased to WC Health Group on an NNN basis.
Property SizeContact for details
Days on Market121
Property Features for 1002 S Arlington Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
6%
Listing Agency:
CBRE Reno
(775) 750-6429
Listed By:
Ben Galles · License #S.47543
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 4:14PM
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 CBRE Reno
Investment Insights
Based on property information with market context.
The WC at Arlington and La Rue offering includes three multifamily apartment buildings master leased to WC Health Group. The properties are located at 1002 S. Arlington Ave, 570 La Rue, and 562 La Rue. The buildings are described as fully stabilized, and the lease is an NNN arrangement.
The asset is in the Old Southwest Reno submarket, positioned within steps from Midtown Reno. The offering is noted as being held on two lots.
The tenant has been in the existing buildings for over four years and is in the first three-year renewal term, with two additional three-year options to renew at 5% increases. WC Health Group operates primary care and psychiatric services, including assessment and medication management, as well as women’s health and mental health services.
The asset is in the Old Southwest Reno submarket, positioned within steps from Midtown Reno. The offering is noted as being held on two lots.
The tenant has been in the existing buildings for over four years and is in the first three-year renewal term, with two additional three-year options to renew at 5% increases. WC Health Group operates primary care and psychiatric services, including assessment and medication management, as well as women’s health and mental health services.
Key Highlights
- Three multi‑family apartment buildings master‑leased to WC Health Group under an NNN lease
- Buildings located at 1002 S. Arlington, 570 La Rue, and 562 La Rue in Old Southwest Reno (near Midtown Reno)
- All three buildings described as fully stabilized and on two lots
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,993
Businesses Nearby
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Business Placement
Demographics for 89509, NV
34,817
Population
18,290
Households
1.9
Avg Household Size
44
Median Age
50%
College-Educated
95%
High-School Grad
8.8 sq mi
ZIP Area
3,956
Density / Sq Mi
$81,751
Median Household Income
$47,546
Median Earnings
$1,443
Median Rent
$670,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three stabilized apartment buildings are master-leased to WC Health Group on an NNN basis.
Where is this apartment building located?
The property is located at 1002 S Arlington Ave Reno, NV.
What are key features of this property?
This property features: Three multi‑family apartment buildings master‑leased to WC Health Group under an NNN lease; Buildings located at 1002 S. Arlington, 570 La Rue, and 562 La Rue in Old Southwest Reno (near Midtown Reno); All three buildings described as fully stabilized and on two lots
