This is a corporate Walgreens NNN lease with long-term duration to 2064 but subject to rolling 5-year tenant termination options beginning in 2027.
Primary value driver for buyers is whether Walgreens exercises the 2027 termination option or remains in place.
With its prime location, this property offers excellent accessibility and high traffic, making it an attractive option for businesses seeking a vibrant and bustling environment. The proximity to downtown Reno adds to its value, providing easy access to a variety of amenities, dining, and entertainment options.
Furthermore, the area's mixed-use zoning allows for flexible development opportunities, catering to a diverse range of commercial needs. This makes it not only a lucrative investment but also a strategic choice for future growth and expansion.