Investment Overview

The subject property, 745 Sparks Blvd is a rare opportunity to acquire a 100% occupied, dual-tenant retail asset in one of the most established retail corridors in Sparks, Nevada. The property is leased to two of the strongest national quick-service brands in the country, Panda Express and Starbucks, operating from a 3,524 square-foot freestanding building constructed in 2003 on a large 0.76-acre parcel with a drive-thru, ample parking, excellent access, and prominent frontage along Sparks Boulevard. Offered at $2,715,000 and a 5.35% cap rate, the asset provides investors with in-place net income of $145,309 per year. The Leases are backed by nationally recognized tenants that are highly resistant to e-commerce pressures and thrive on this location’s daily consumer traffic, convenience, and drive-to accessibility. The property is strategically positioned between dense residential neighborhoods, medical users, neighborhood retail, and other major regional traffic drivers. The site benefits from over 32,800 vehicles per day along Sparks Blvd and is on one of the primary corridors for residents traveling between residential areas in Sparks/Spanish Springs, and workforce centers like Downtown Reno. The site’s visibility, access, and surrounding retail ecosystem create an ideal long-term location for a variety of quick-service dining concepts.