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Lead Agents

Dave Lucas

(415) 269-8969

dave@monarchcommercial.com

CA DRE# 01389761

NV RED# 10011411

Shops at Ironhorse

Sparks, Nevada (Reno MSA)

Price:

$2,115,000

Cap Rate:

6.00%

NOI:

$126,912

Built:

1983

Building Size (SF):

4,828 SF

Lot Size (Acres):

0.86 AC

This is the kind of strip center investors chase. Shops at Ironhorse is a 100% leased NNN retail strip with a long track record of tenant retention, located inside a FoodMaxx-anchored power center in the heart of Sparks, NV. Every tenant has renewed at least once, most have been in place for 10+ years, and annual rent increases are already baked in. Positioned just off Interstate 80 in Sparks—one of the fastest-growing metros in the country—this asset benefits from strong demographics, consistent traffic, and a pro-business Nevada environment with no state income tax.

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