Retail•Theme/Festival Center•For Sale

CAUGHLIN CLUB NNN LEASED INVESTMENT

4100 CAUGHLIN PARKWAY, Reno, Nevada 89519

Sale Price $5,716,800
Sale Type Net Lease Investment
Bldg Type Single Tenant
Year Built 1988
Year Renovated 2016
Stories 2
Vacancy 100%
Gross Bldg 23,396 SqFt
Land Area 5.45 Acres
Market Reno
CAUGHLIN CLUB LEASED INVESTMENT FOR SALE Single Tenant NNN leased investment APN 009-821-04 Size 23,396 SF / 5.45 Acres Square Footage 23,396 SF Clubhouse Additional Building 5,000 SF Preschool Type of Lease NNN Term of Lease 7+ Years on current term Percent Leased 100% Monthly Rent $28,584/month / Rent Increase $29727.36/month year 2021 / $30,916.45 in year 2026 Operating Expenses: None (NNN Lease) Net Operating Income $343,008 Asking Price $6,236,000 CAP Rate 5.5% (on current income) Land Area 5.45 Acres • 9 Championship Tennis Courts • 25 Meter Swimming Pool with Children’s Pool and Whirlpool • Full Size Gymnasium for Basketball and Volleyball • Located on 5.45 Acres * Racquetball Court • Complete Health Club • Cafe and Bar • 5,000 SF Preschool Adjacent to Fitness Center • Infant - Kindergarten Summer Camps & Before and After School Programs The Caughlin Athletic Club is nestled in the heart of Caughlin Ranch. Caughlin Ranch, in Reno, was developed in 1984 and is a 2,400 acre master planned community. This community is made up of ponds, walking trails, and extensive landscaping in the common areas, to make it one of Reno’s most premier and sought after residential communities.
  • LOCATION
  • LONG TERM NNN LEASE
  • VERY WELL MAINTAINED ASSET
11/18/2019 6:32:41 PM 3/25/2020 4:20:15 PM
Ryan Johnson
Principal
Chase-Johnson Commercial Real Estate
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