1565 Lincoln Way Sparks, NV 89434
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.
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AT&T Store Mobile Phone Store Electronics & Wireless Store
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GNC (Bike/Boat/Book/etc) Store Pharmacy
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GameStop Arcade & Gaming Center Electronics & Wireless Store
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CaiE Oriental Asian Bistro Restaurant
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AT&T - Internet Service Provider Telecommunications Service Data Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.