6501-6675 Virginia St, Reno, NV 89511
148,271 SF | 98% Leased | 4-Star Retail Building | Reno, NV 89511 | For Sale
For Sale
Active
- Property Type
-
Retail
- Square Feet
- 148,271 SF
Listing Contacts
Roxanne Stevenson
Amanda Lavi
Ashley Lawson
- Property Info
Property Overview
The Warner Retail Team is pleased to present the opportunity to acquire The Commons, a 148,271 square feet community center located in the heart of Reno, Nevada.
The Commons is 98.5% leased to a diverse mix of national and local tenants including: Total Wine, Starbucks, DSW, PetSmart, Massage Envy, Great Clips, Good Feet, AAA, and Mattress Firm. With a 14 year historical occupancy across the entire shopping center, these tenants have a proven track record and demonstrate a strong commitment to this site.
Situated on the main retail corridor in Northern Nevada, this center has excellent accessibility from South Virginia Street (23,900 VPD) and is freeway visible from Interstate 580 (110,000 VPD). The Commons neighbors other national, credit tenants including Whole Foods, Walmart, Kohl’s, Target, Home Depot, and WinCo. This corridor is also home to The Atlantis and Peppermill Casinos, the Super Regional Meadowood Mall, and the newly redeveloped Midtown District.
Reno ranks in the top 10 fastest-growing cities in the country according to U.S. News. The immediate trade area boasts an average household income of $120,214 and a population of 160,240 in a 5 mile radius.
The Commons is a rare opportunity to acquire a dominate shopping center in Reno that provides a very stable return in an irreplaceable retail corridor location.
The Commons is 98.5% leased to a diverse mix of national and local tenants including: Total Wine, Starbucks, DSW, PetSmart, Massage Envy, Great Clips, Good Feet, AAA, and Mattress Firm. With a 14 year historical occupancy across the entire shopping center, these tenants have a proven track record and demonstrate a strong commitment to this site.
Situated on the main retail corridor in Northern Nevada, this center has excellent accessibility from South Virginia Street (23,900 VPD) and is freeway visible from Interstate 580 (110,000 VPD). The Commons neighbors other national, credit tenants including Whole Foods, Walmart, Kohl’s, Target, Home Depot, and WinCo. This corridor is also home to The Atlantis and Peppermill Casinos, the Super Regional Meadowood Mall, and the newly redeveloped Midtown District.
Reno ranks in the top 10 fastest-growing cities in the country according to U.S. News. The immediate trade area boasts an average household income of $120,214 and a population of 160,240 in a 5 mile radius.
The Commons is a rare opportunity to acquire a dominate shopping center in Reno that provides a very stable return in an irreplaceable retail corridor location.
Property Details
- Class
- A
- Year Built
- 2005
- Stories
- 1
- Lot Size (sq. ft)
- 538,402 SF
Highlights
- Conveniently situated on the main retail corridor
- 97.6% Leased to a desirable mix of nationally and regionally recognized tenants
- Reno retail leasing market is very strong with an average vacancy rate of 3.5%
- Strong Security of Income with 79% of the GLA occupied by national, and credit tenants
- Currently zoned to allow for multi-family redevelopment
All available spaces
- Space
- 1st Floor, Ste 19
- Size
- 1,200 SF
- Space Subtype
- Relet
- Space
- 1st Floor, Ste 21-22
- Size
- 2,423 SF
- Space Subtype
- Relet
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