Entity Owned Property summary
This exceptional investment opportunity presents a 13,302 square foot Walgreens located at 292 Los Altos Pkwy, Sparks, NV 89436, within the Reno MSA. The property boasts a strong 7.00% cap rate and a long-term, absolute NNN lease with Walgreens, a creditworthy national tenant, extending until April 30, 2035, with a remaining term of 10.4 years. The lease includes built-in rent bumps of 5% every 5 years, providing consistent income growth. Situated on a 1.77-acre lot, this single-tenant… retail property benefits from excellent visibility on a signalized corner with high daily traffic counts of 22,765 vehicles. The property is surrounded by other national retailers, including Costco, Walmart, and Best Buy, indicating a strong retail environment. The location enjoys a high average household income of $106,273 within a one-mile radius. Built in 2006, this property offers a secure investment with significant upside potential, given the projected 52% job growth in the Reno MSA over the next decade. The asking price is $4,634,743, and the net operating income (NOI) is $324,432. Please note that certain property details, including rentable area, lot size, lease terms, and building specifications, are estimates and should be verified during due diligence.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
3 recorded sales · 18 properties nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 13,169 SF
- Lot area
- 1.78 ac
- Year built
- 2006
- Stories
- 1
- APN
- 510-492-16
- Zoning
- NUD
- Assessed value · 2023
- $864,487
- Annual tax · 2023
- $28,412
- Medical Building
- Commercial (general)
- Apartment House (5+ Units)
- Retail Stores · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Location Insight
- Alternative use
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