NNN Anchor Tenant
2970 & 2990 Northtowne Lane Reno, NV 89512
2970 & 2990 Northtowne Lane, Reno, NV, 89512
$10,735,700
For Sale
$10,735,700
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 Market30
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
Nevada Commercial Group
(775) 721-7023
Listed by
Jack Brower, CCIM · License #NV #BS.41614.LLC
Source
Nvcg
Added: Jun 24 Updated: Jul 23 at 12:27AM Checked: Jul 23 at 12:27AM
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 Nevada Commercial Group
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
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Petco
(Bike/Boat/Book/etc) Store
fi.d.o
(Bike/Boat/Book/etc) Store
Petco Dog Training
Animal Training
Petco Vaccination Clinic
Veterinary Clinic
Petco Grooming
Pet Grooming Service
Similar For Sale Nearby
Similar Off Market Nearby
- Sierra Center — 1605 sullivan ln #1895, sparks, nv 89431
- Wildcreek Plaza — 2975 El Rancho Dr, Sparks, NV 89431
FAQs
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
