1315 Scheels Dr Sparks, NV 89434

This exceptional 45,068 square foot shopping center, built in 2008, presents a compelling investment opportunity. Located at 1315 Scheels Drive in Sparks, Nevada (89434), within the Outlets at Legends, a premier power center attracting over 10.1 million visitors annually. The property boasts 100% occupancy with three strong tenants: Old Navy (corporate lease), Crunch Fitness (with a significant personal guarantee), and Creative Hot Tub Designs (lease extended April 2024). The center benefits from its strategic location within the Outlets at Legends, anchored by major retailers such as Target, Lowe's, and a regional IMAX theatre, ensuring consistent high traffic. The presence of Scheels, a massive 295,000 square foot sporting goods retailer, further enhances the property's visibility and draws significant customer traffic from a wide area. The asking price is $8,562,000, representing a price per square foot of $189.98 and a 7.50% cap rate, with a current NOI of $642,119. The property sits on a 4.1-acre lot. Nevada's tax-free status adds to the investment's attractiveness. This is a rare opportunity to acquire a high-performing retail asset in a prime location with strong, established tenants and exceptional visibility.