651 Mccarran Blvd Sparks, NV 89431-4623

Property Details for 651 Mccarran Blvd

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.55 lot acres

Property size

2,489 SF

Zone code

MUD

Property type

Auto shops

APN

033-152-30

APU

3315230

Description

This exceptional investment opportunity presents a 2,489 square foot, single-tenant, absolute NNN leased Take 5 Oil Change property located at 651 N McCarran Blvd, Sparks, NV 89431. Situated on a 0.55-acre lot within a grocery-anchored shopping center, this property boasts a prime location along a vital regional thoroughfare at a bustling intersection. The building, constructed in 1987, is a single-story structure offering 100% occupancy with a strong, national tenant. The current lease features a remaining term of 15 years and includes built-in rent increases, ensuring consistent cash flow. The property generates a substantial net operating income (NOI) of $90,000, resulting in an attractive 5.56% cap rate. This represents a compelling investment in a thriving Sparks, Nevada market, benefiting from the state's tax-free status and a robust economy fueled by a growing tech sector. The property's absolute NNN lease structure minimizes landlord responsibilities, making it an ideal, low-maintenance investment. This is a rare opportunity to acquire a high-performing, established business in a desirable location with significant long-term growth potential. The asking price for this exceptional property is $1,620,000.

Location Insight

City

Sparks

County

Washoe

State

Nevada

Longitude

-119.735

Latitude

39.5395

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments