Vacant Land New UNR For Sale
Reno, NV
Building
Investment Description
This Wells Avenue project is one of the few remaining infill sites inside the McCarran Avenue ring. Consisting of 10.77 acres of a combination of MF30 and MU zoning, the location is ideal for multifamily housing. The tenant occupied area has a ground lease to an environmental recycle company with approximately 5 years remaining, which could allow for a developer to complete a project in two phases while receiving triple net rents on a portion of the site.
Notes
- Includes a ground lease for Reno Rendering.
Approximately 5 years remaining
Lease is triple net
Annual rent is $96,000
Lease has no options for renewal
Lease has right of first refusal
- Price includes 4 houses on Winston Dr. for purposes of access.
