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Property profile & analytics
OFF-MARKET
Lifestyle centers

1565 Lincoln Way Sparks, NV 89434

16,708 SF 1.76 ac lot Built 2008
Property ID
Property summary
AI-generated overview

This exceptional 16,708 square foot shopping center, built in 2008, presents a compelling investment opportunity. Located at 1565 E Lincoln Way, Sparks, NV 89434, this single-story, multi-tenant property sits on a 1.76-acre lot within the Outlets at Legends, Reno's largest outlet center, boasting over 10.1 million annual visits. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $503,948, yielding a 6.35% capitalization rate. The asking price is $7,936,182. High-profile tenants include AT&T, Sports Clips, and Dave's Hot Chicken, ensuring excellent tenant synergy and a stable income stream. The property benefits from a highly visible location off the main entrance to the Outlets at Legends, providing exceptional exposure and accessibility. This passive management opportunity offers significant potential for long-term growth and return on investment. The property's prime location and strong tenant mix make it an ideal addition to any portfolio. This is a rare chance to acquire a fully leased, high-performing retail asset in a thriving Nevada market.

Property profile
Verified
Property type Lifestyle centers
Year built 2008
Total area 16,708 SF
Lot 1.76 ac (76,666 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • AT&T Store Mobile Phone Store Electronics & Wireless Store
  • GNC (Bike/Boat/Book/etc) Store Pharmacy
  • GameStop Arcade & Gaming Center Electronics & Wireless Store
  • CaiE Oriental Asian Bistro Restaurant
  • AT&T - Internet Service Provider Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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