Vacant Land New UNR For Sale

Investment Overview

This Wells Avenue project is one of the few remaining infill sites inside the McCarran Avenue ring. Consisting of 10.77 acres of a combination of MF30 and MU zoning, the location is ideal for multifamily housing. The tenant occupied area has a ground lease to an environmental recycle company with approximately 4 years remaining, which could allow for a developer to complete a project in two phases while receiving triple net rents on a portion of the site.

Investment Highlights

• - Includes a ground lease for Reno Rendering.
• Approximately 4 years remaining
• Lease is triple net
• Annual rent is $96,000
• Lease has no options for renewal
• Lease has right of first refusal
• - Price includes 4 houses on Winston Dr. for purposes of access.