6625 Virginia St Reno, NV 89511
The Commons, a Class A, 153,571 square foot retail power/strip center in Reno's prime retail corridor, offers multiple spaces for lease. Two spaces are currently available, ranging from 1,065 to 2,423 contiguous square feet, with a total of 4,685 square feet of vacant space. Located on South Virginia Street, this one-story building boasts excellent visibility and signage potential due to its proximity to I-580, a fully signalized intersection at Neil Road, and its location just a quarter-mile from freeway on/off ramps. The center benefits from high traffic counts, with an average of 23,900 vehicles daily on South Virginia Street and 115,000 vehicles daily on I-580. Strong demographics include 69,393 residents within a 3-mile radius, boasting a median household income of $54,487, and a robust daytime population of 61,563 workers within the same radius. The property sits on 12.36 acres and includes 625 parking spaces. Major co-tenants include DSW Shoes, PetSmart, Guitar Center, David's Bridal, Total Wine, 5.11 Tactical, Starbucks, California State Automobile Association, Kenny G Jewelers, Massage Envy, Mattress Firm, Eyemart Express, Great Clips, Teriyaki Madness, and Tacos El Rey. The center's location near the 141-acre Rancharrah master-planned community, featuring 600+ new homes and extensive commercial development, further enhances its appeal. This is a unique opportunity to secure retail space in a thriving Reno location. The property was built in 2004.
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Commons Shopping Center Shopping Center & Mall
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Galaxy Auto Parts Auto Parts Store
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Mattress Firm Virginia Furniture & Home Goods
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Foreclosure and Short Sale Professional Real Estate Agency
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
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Property description
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No recorded transactions found for this property.
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Risks
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