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Starbucks 9343 Double R blvd 2,465 sq ft Retail Property Reno, NV 89521 £2,754,379 (£1,117.40/sq ft) 4.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 15-year corporate net lease with 10% rental increases every 5 years
- Located at signalized hard corner intersection
- Tax-free state
- Brand-new 2025 build-to-suit construction with drive-thru
- Corporate lease backed by investment grade tenant
- Dense industrial/retail corridor, ~10,000 daytime employees work within a 1-mile radius of the subject property
EXECUTIVE SUMMARY
A 15-year corporate Starbucks lease featuring 10% rental increases every 5 years and three, 5-year extension options. The subject property is located in a dense industrial/residential corridor with ~10,000 daytime employees and another 9,000+ residents within a 1-mile radius providing a substantial customer base for this location.
PROPERTY FACTS Under Offer
Sale Type
Investment
Property Type
Retail
Property Subtype
Standalone
Property Size
2,465 sq ft
Costar Property Class
B
Year Built
2026
Construction Status
Under Construction
Price
£2,754,379
Price per sq ft
£1,117.40
Yield
4.75%
NOI
£130,840
Tenancy
Single
Number of Floors
1
Plot ratio
0.07
Total Plot Size
0.79 ac
Use Class
PUD - Planned urban development
Parking
10 Spaces (4.06 Spaces per 1,000 sq ft Leased)
Frontage
446 ft on Double R Boulevard
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 163-101-01 | Improvements Assessment | £116,164 |
| Land Assessment | £126,250 | Total Assessment | £242,415 |
PROPERTY TAXES
Parcel Number
163-101-01
Land Assessment
£126,250
Improvements Assessment
£116,164
Total Assessment
£242,415
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Starbucks | 9343 Double R blvd
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