SOUTHWEST GALLERIA. Retail Spaces for Lease. From 1,200 sf to 6,889 Sf Available Longley Lane, Reno NV 89511
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1 Retail Spaces for Lease From 1,200 sf to 6,889 Sf Available SOUTHWEST GALLERIA 7530 Longley Lane, Reno NV For More Information Please Contact: Kevin Sigstad, CCIM Broker Owner Fred Jayet, MBA (775) Reno Corporate Drive Reno, NV 89511
2 SUBJECT PROPERTY Kevin Sigstad Each Office Independently Owned and Operated Fred Jayet (775) Cell 5476 Reno Corporate Drive Reno, NV premierpropertiescommercial.com
3 EXECUTIVE SUMMARY Property Summary Address: 7530 Longley Lane, Reno NV Lease Price: Negotiable depending on TIs Sale Price PSF: Actual 2015 Cap Rate: 2015 NOI Vacancy: Lot Size: 81,744 Gross Building Area: 17,276 Year Built: 2007 APN: & 04 Zoning: MUSV Former Cash America space with finished cement floors, front area has a dropped ceiling, warehouse has an open ceiling. Building is sprinklered. All heating and AC is in place. Space is directly next to Fumare Fine Cigars and Boutiques. Sister building next door has full ocupancy including tenants such as Zai Martial Arts, Adam & Eve and a new dental practice (under construction). Available suite had Cash America as a tenant. Property sets next to O'reily Auto parts and El Polo Loco restaurant and CVS across the street. Fast developing area of Reno retail and businesses. The Tesla Effect has hit the northern Nevada market and will continue to trigger growth and relocation throughout the next years. Northern Nevada is on the radar of businesses seeking to relocate to the state, due in part to the much-publicized Tesla Motors' mammoth battery gigafactory under construction east of Sparks. Over the past year and into 2016, the Economic Development Authority of Western Nevada has assisted in bringing dozen businesses to the region and helped in at least seven expansions of existing businesses. From giants like Tesla and Switch to small, growing firms such as business services provider White Rabbit, the landscape of commerce promises to add more than 4,100 new jobs in the coming year, according to EDAWN.
4 Demographic and Income Profile within 5-mile radius of the Subject Property Population 117,814 Households 48,872 Families 28,983 Average Household Size 3.02 Owner Occupied Units 25,879 Renter Occupied Units 22,993 Median Age 39.1 Average Household Income $74,089 Daily Traffic Counts
5 WHY NEVADA? Reno Sparks Region Overview Quality of Life Reno, the county seat is the third largest city in Nevada and has long been known as the Biggest Little City in the World. Reno has also gained a new title as America s Adventure Place and serves as a hub for a wide variety of outdoor recreation activities ranging from mountain biking to rock climbing. Reno is also the home of the University of Nevada, Reno, the world-class Nevada Museum of Art, and the National Automobile Museum. Education Northern Nevada is home to five institutions of higher learning, including the University of Nevada, Reno, Truckee Meadows Community College, Career College of Northern Nevada, Morrison University and the University of Phoenix. Economy Nevada has one of the most liberal tax structures in the country and from a tax planning perspective, the return on investment in the form of tax saving dollars can be enormous. No State Income Tax No Corporate Income Tax No Personal Income Tax No Franchise Tax No Capital Gains Tax No Unitary Tax No Estate or Gift Tax No Inventory Tax No Inheritance Tax
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