Duong Investment Group

BrightView Landscape – Reno, NV

3705 Barron Way Reno, NV 89511

Property Description

Price: $9,400,000
Land Area: ±6.31 Acres (±274,864 SF)
Cap Rate: 4.85%

Investment Highlights

New 5-Year Lease Extension

Absolute NNN Lease

Rare 4% Annual Increases

 

Industrial Property in Excellent Condition

  • The Tenant has been Operating Successfully at this Location Since 2009 and Recently Extended their Lease and Increased their Rent. They Did this for One Extra Option to Renew in the Future
  • Large Lot with Over 6 Acres Allowing for Expansion in the Future
  • Extremely Low Lot Coverage of 7%
  • 177+ Parking Spots Providing for Ample Parking Requirements
  • Reno has a Low Vacancy Rate of 3.3%

Strong Corporate Guarantee

  • Rare Absolute NNN Industrial Property – Zero Landlord Responsibilities, Which is Ideal for an Investor not Local to the Market
  • BrightView Landscape is a Publicly Traded Company (NASDAQ: BV) with Revenue in Excess of $2.5 Billion
  • BrightView Landscape has Over 280 Locations

Pride of Ownership Property in Reno, NV

  • Dense, Infill Area with Over 149,000 Residents within 5 Miles of the Subject Property
  • Affluent Area with an Average Household Income Exceeding $93,000
  • Daytime Population of Over 235,000 which shows a Very Strong Workforce in the Area
  • Nevada has been Ranked #5 in the country as the Most Business Friendly Tax Climate by the Tax Foundation Due to it being a Tax-Free State
  • Located in a Dense Industrial Area with other National Brands such as UPS Freight, Sysco Corp, Aramark, The AMES Companies, S K Food Group, International Game Technology, and Many More within Close Proximity to the Subject Property

Broker of Record: Justin Forman – License: B.1002463.CORP

Contact Information

Drew F. Holden
Marcus & Millichap
First Vice President
O: (702) 215-7118
drew.holden@marcusmillichap.com
License: NV S.0198703