Northtowne Plaza

Reno-Sparks metropolitan area contains a population of over 426,000. Reno is the County seat of Washoe County and is Nevada’s third largest city after Las Vegas and Henderson. It is approximately 2 hours from Sacramento and 3 1⁄2 hours from the Bay Area. The largest share of tourists comes from California to experience the gaming and multiple recreational activities that the area has to offer. Reno is nationally and internationally recognized for their famous casinos and the incredible events performed during different times of the year to attract tourists. Some of the events include: Hot August Nights, The Great Reno Balloon Race, The Reno Air Races, Artown, Ribb Cook-off, Shakespeare Festival, and Street Vibrations amongst many others. Between the special events, casinos and recreational activities, more than 5 million tourists visit the area each year. Reno is known for its progressive business climate that is ideal for business startups. It has been recognized by “Businessweek” as the Number 1 City in Nevada to start a business (rankings based on employment, living cost, taxes and workplace wellbeing). Reno is home to the University of Nevada Reno (UNR) which is a Tier 1 university with over 20,000 students. UNR helps to prepare a quality work force for the multitude of diverse companies the area is attracting. Reno-Sparks and the surrounding area is a distribution hub with over 72 million square feet of industrial real estate. There are is home to a number of distribution companies including Amazon, Other recognizable names with operations in the area include Ghost Systems, Microsoft, Intuit, JC Penney, Sierra Nevada Corporation, Switch, Tesla, Barnes and Noble, Petco, PetsMart, Urban Outfitters, Walmart and many others.Within the Northtowne Plaza shopping center, two anchor tenant buildings are for sale totaling 45,118 Square Feet. Occupied by Office Depot and Petco. This offers investors a proven income stream with fixed increases from national tenants. In the center there are two other strong tenants in Lee’s Liquor and a Del Taco restaurant, but are not a part of the sale. The property sits on 8.149 acres at a signalized intersection along McCarran Boulevard on the north side of Reno, just east of a US 395 interchange. McCarran Boulevard is Reno’s “ring road” that extends around both Reno and Sparks and is used as a commuter road with an average daily traffic count of 40,500 vehicles per day in front of the center. Northtowne Plaza is ideally positioned to benefit from the surrounding mix of tenants that include Home Depot, a high volume Winco grocery store, CVS and a number of other retailers.