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0 N Wells Ave Reno, NV

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Land with existing ground lease and income potential.

Type:LAND
Lot size:
10.77 Acres
Added:
Jun 28, 2021
Days on Market:
1757
Last Refresh:
Apr 5 at 10:58 pm

Property Features for 0 N Wells Ave

General Information

Standard status
Active
Lot size
10.77 Acres
Property subtype
LAND

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Listing Contact
Reed Simmons
Reed Simmons

Listing agent Reed Simmons License #NV 0187252

Listing office Avison Young | Reno

Listing date Jun 28, 2021

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 Avison Young | Reno


Overview

Land with Ground Lease Income

This property includes a ground lease for Reno Rendering, with approximately 5 years remaining on the lease term. The lease is structured as a triple net lease, generating an annual rent of $96,000. The lease agreement does not include any options for renewal, but it does provide a right of first refusal. The offering price includes four houses located on Winston Drive, which are included for the purpose of providing access to the property.
Location Intelligence

Current Use by Public Records

Land

Map

City
Reno
County
Washoe
State
Nevada
Longitude
-119.803
Latitude
39.5279

FAQs

What type of property is this?
Land - Land with existing ground lease and income potential.
Where is this land located?
The property is located at 0 N Wells Ave Reno, NV.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Price includes 4 houses on Winston Dr. for access purposes.; Ground lease with right of first refusal included.; Annual rent of $96,000.
(775) 843-2519 Call to check price and availability
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