1320 Lincoln Way Sparks, NV 89434-8053

This exceptional 19,500 square foot shopping center in Sparks, Nevada, presents a compelling investment opportunity. Located at 1320 E Lincoln Way, this single-story, three-tenant property boasts a strong 100% occupancy rate, anchored by Petco. The center benefits from an average remaining lease term of 8.5 years, ensuring consistent cash flow. Built in 2016, the property sits on a 2.22-acre lot and enjoys a prime location adjacent to TJ Maxx and Target within the Outlets at Legends, Reno's premier power center attracting over 10.1 million visitors annually. The property's Net Operating Income (NOI) is $379,476, yielding a 6.70% cap rate. The asking price is $5,664,000, translating to a price per square foot of $290.46. This NNN-leased property offers excellent tenant synergy and a secure, long-term investment prospect within a high-traffic retail environment. The property's strategic location within a thriving power center ensures consistent foot traffic and strong rental income. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a desirable Nevada market. The strong leases and long-term tenant commitments provide a stable and predictable income stream for years to come. This property is an ideal addition to any diversified real estate portfolio.