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Walgreens NNN Lease Investment

305 Lemmon Dr, Reno, NV

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For Sale

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Absolute NNN lease Walgreens with zero landlord obligations.

Type:RETAIL

Lot size:

2.32 Acres

HighLights

Absolute NNN lease provides hands‑off ownership with zero landlord obligations.
High traffic location at the corner of Lemmon Dr. & Vista Pwky with ±35,000 cars passing per day.
Long‑term operating history: Walgreens has been in operation at this location for over 15 years since its construction in 2009.
Located in Nevada, an income tax‑free state.
Surrounded by national tenants including Walmart, Smith’s, Grocery Outlet, Raley’s, O’Reilly Auto Parts, Jack in the Box, Starbucks, and Bank of America.
Close to approximately ±4,000,000 SF of industrial developments within a 5‑mile radius, including Amazon, Chewy, JCPenney, and Petco distribution centers.

We can help!

Listing Contact

David Harrington

For Sale

Contact for pricing

Absolute NNN lease Walgreens with zero landlord obligations.

Type:RETAIL

Lot size:

2.32 Acres

Added:: Aug 18, 2025
Days on Market:: 297
Last Refresh:: May 19 at 9:02 pm

Property Features for 305 Lemmon Dr

General Information

Standard status: Active
Lot size: 2.32 Acres
Property subtype: RETAIL

We can help!

Listing Contact

David Harrington

Listing agent David Harrington

Listing office Matthews Real Estate Investment Services

Listing date Aug 18, 2025

Source Moodyscre

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 Matthews Real Estate Investment Services

HighLights

Absolute NNN lease provides hands‑off ownership with zero landlord obligations.
High traffic location at the corner of Lemmon Dr. & Vista Pwky with ±35,000 cars passing per day.
Long‑term operating history: Walgreens has been in operation at this location for over 15 years since its construction in 2009.
Located in Nevada, an income tax‑free state.
Surrounded by national tenants including Walmart, Smith’s, Grocery Outlet, Raley’s, O’Reilly Auto Parts, Jack in the Box, Starbucks, and Bank of America.
Close to approximately ±4,000,000 SF of industrial developments within a 5‑mile radius, including Amazon, Chewy, JCPenney, and Petco distribution centers.

Overview

This Walgreens property, constructed in 2009, has been in operation for over 15 years. The property is strategically located on the corner of Lemmon Drive and Vista Parkway, benefiting from high traffic counts of approximately 35,000 cars per day. The surrounding area includes national tenants such as Walmart, Smith’s, Grocery Outlet, Raley’s, O’Reilly Auto Parts, Jack in the Box, Starbucks, and Bank of America, along with numerous new retail developments. The investment is structured as an Absolute NNN lease, offering hands-off ownership. Since 2014, there has been approximately 4,000,000 square feet of industrial developments within a 5-mile radius of the property, including national brands like Amazon Fulfillment Center, Chewy Fulfillment Center, JCPenney Logistics Center, and Petco Distribution Center. The property is located in Nevada, which has no state income tax.

Property Profile Location Intelligence

Current Use by Public Records

Walgreens Photo (Bike/Boat/Book/etc) Store Walgreens Pharmacy Pharmacy Adrienne Malroux, RPH Pharmacy Deisy M. Serrano, ... Pharmacy COVID-19 Drive-Thru Testing ... Pharmacy

Suggested Use

Similar Places Nearby

CVS — 170 Lemmon Dr, Reno, NV 89506
Smith's Pharmacy — 175 Lemmon Dr, Reno, NV 89506
CVS Pharmacy — 170 Lemmon Dr, Reno, NV 89506
Raley's Pharmacy — 1075 N Hills Blvd #270, Reno, NV 89506
Shuo Gao — 170 Lemmon Dr, Reno, NV 895068799

Location Insight

Map
Local Demand

City: Reno
County: Washoe
State: Nevada
Longitude: -119.849
Latitude: 39.6148

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For sale
Drug stores
NV
Reno
305 Lemmon Dr

What type of property is this?

Drug store - Absolute NNN lease Walgreens with zero landlord obligations.

Where is this drug store located?

The property is located at 305 Lemmon Dr Reno, NV.

What is the asking price?

The asking price for this property is $4,300,000.

What are key features of this property?

This property features: Absolute NNN lease provides hands‑off ownership with zero landlord obligations.; **High traffic location** at the corner of Lemmon Dr. & Vista Pwky with ±35,000 cars passing per day.; Long‑term operating history: Walgreens has been in operation at this location for over 15 years since its construction in 2009.

305 Lemmon Dr, Reno, NV

Absolute NNN lease Walgreens with zero landlord obligations.

Property Features for 305 Lemmon Dr

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Reno Multifamily Property by Private Lake

Two-Unit Duplex with Courtyard

Reno Multifamily Investment Opportunity

Renovated Triplex Near UNR

Midtown Reno Development Opportunity

Midtown Reno Duplex Opportunity

Updated Six-Unit Multifamily Property

Reno Fourplex Investment Opportunity

Reno Multifamily Investment Opportunity

Versatile Commercial Building in Reno

High-Visibility Reno Retail Facility

Charming Multifamily Property in Reno

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