Current Use by 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
Property Details for 1565 Lincoln Way
- Year built
- 2008
- Lot size
- 1.76 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sparks
- County
- Washoe
- State
- Nevada
- Longitude
- -119.718
- Latitude
- 39.5331
