13870 Stead BlvdReno, NV 89506

This exceptional investment opportunity presents a fully leased, multi-tenant retail portfolio in Reno, Nevada. The property comprises three buildings totaling 21,300 square feet situated on a 3.149-acre lot, including over an acre of undeveloped land. Currently boasting 100% occupancy with two tenants under long-term NNN leases, the property generates a substantial net operating income (NOI) of $259,000, representing a 7.00% cap rate on the asking price of $3,750,000. The buildings, constructed in 1993 and renovated in 2020, are classified as Class C and feature a mix of bar, daycare, and restaurant tenants. The property is zoned GC, permitting a variety of uses. The undeveloped land presents a significant value-add opportunity, with potential for future development. Located at a high-traffic intersection with easy access to I-580, this portfolio offers a compelling combination of immediate cash flow and long-term growth potential in a rapidly developing area of Northern Nevada. The property includes five units across the three buildings and benefits from a prime location on Stead Blvd in Washoe County, zip code 89506. The seller is motivated and offering a drastic price reduction for a quick sale. This is a rare chance to acquire a strategic asset with promising returns and significant growth prospects. The property's Assessed Parcel Number (APN) is 086-101-39.