1295 7th St Reno, NV 89503-4163

This fee-simple retail property offers a compelling investment opportunity. The 1,326 square foot Pizza Hut is located at 1295 W 7th St, Reno, NV 89503, on a 0.35-acre lot. Built in 1967 and renovated in 1972, the property is currently 100% occupied under a 15-year triple-net (NNN) lease with a franchisee tenant. The lease commenced November 26, 2017, and expires November 29, 2032, leaving over eight years remaining. The current annual net operating income (NOI) is $68,921, representing a 5.75% cap rate on the $1,198,626 asking price. The lease includes annual rent increases of 2.00%, providing consistent income growth. This is a tax-advantaged investment in Nevada, a state with no state income tax and low property taxes. The property presents a strong, passive income stream with significant lease term remaining and built-in rent escalations. This is a single-tenant, absolute NNN lease, meaning the landlord has no responsibility for property expenses.