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Sparks, NV NNN Properties for Sale

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Walgreens NNN Leased Investment
Updated: Mar 13
Walgreens NNN Leased Investment

2299 Oddie Blvd, Sparks, NV 89431

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14,550 sqft
NNN leased Walgreens property boasting a 7.22% cap rate and $375,000 NOI.
Over 8 years remaining on the initial 25‑year lease term, with ten five‑year extension options.
High‑visibility location** at the intersection of Oddie Boulevard and El Rancho Drive with approximately 39,000 vehicles passing daily.
Located in a growing area with the $52 million Oddie/Wells Improvement Project bringing 1,500 new residential units.
Surrounded by a mix of residential and commercial developments, including the Parq Crossing and a forthcoming multi‑family project.
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Multi-Tenant NNN Retail Outparcel
Updated: Apr 12
Multi-Tenant NNN Retail Outparcel

2203-2219 Oddie Blvd, Sparks, NV 89431

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15,840 sqft 1.39 AC lot
15,840 SF multi‑tenant retail building in Sparks, Nevada, offered as a 1.39‑acre outparcel of Paradise Plaza
Fully occupied by five tenants on triple‑net (NNN) leases
Located at the intersection of Oddie Boulevard and El Rancho Drive within Paradise Plaza (188,608 SF regional shopping center)
Current tenant roster includes Pizza Plus, H&R Block, B&B Mini Mart, Carniceria Mi Rancho, and Sun Loan Company
Pizza Plus occupies the most space and expanded into an adjacent suite with a new lease extending through 2028
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Sparks, NV, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

NNN Shopping Center Parcel
NNN Shopping Center Parcel

1328 N Hwy 395, Gardnerville, NV 89410

$2,300,000
7,196 sqft 0.90 AC lot

Commercial zoning, established NNN leases, and on-site parking define this retail property.

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NNN Anchor Tenant Buildings
NNN Anchor Tenant Buildings

2970 & 2990 Northtowne Lane, Reno, NV 89512

$9,975,000
45,118 sqft

Two occupied anchor buildings within Northtowne Plaza are available with NNN leases and scheduled rent increases.

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Strip Mall Triple Net Parcel
Strip Mall Triple Net Parcel

1328 Highway 395, Gardnerville, NV 89410

$2,300,000
7,196 sqft

One of three parcels in Park Place Center with onsite parking and updated roof and HVAC.

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Urban Corridor Net-Lease Opportunity
Urban Corridor Net-Lease Opportunity

750 N Virginia St, Reno, NV 89501

Contact for pricing
14,904 sqft

High-yield corporate net-lease opportunity in a supply-constrained urban corridor.

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Sparks, NV Nnn Properties Market Trends and Statistics

Explore 2 nnn properties for sale in Sparks, NV on our real estate platform. These investment opportunities span a total of 30,390 square feet of properties for sale.

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Demographics Overview

Population 131K
Population Growth (5Y) +9.0%
Median Household Income $93,001
College Educated 21.4%

Taxes & Financing

Tax Rate (average for all types) 3.04%
Property Tax per SF $41.34 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Washoe County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Washoe County

Office

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Sparks fall within the 100,000+ square foot range.

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