2950 S Virginia Street Reno, NV 89502

Property Information

SF: 2,902

LOT SIZE: 11,107 SF

PRICE $800,000

OVERVIEW:

This highly prominent S. Virginia location consists of two auto repair buildings totaling 2,902 SF currently leased to a single user. Located across from the Peppermill Casino, the building has 6 bays with rollup doors, office/waiting area, sand. Oil separator, new heater, floor drains and rest rooms. Suitable for most any auto related use with sufficient parking in front and in rear fenced and secure lot. Also included is a Billboard Lease for 5 years with a 5 year options behind. All Maintenance, taxes, insurance and upkeep done by the Tenants. Annual Escalations take the current cap rate from 6.25% to over 8.1% in the next 5 years!

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