Sierra Meadows Plaza

7111 S. Virginia St., Reno, NV 89511

— Pending —

List Price$10.94MM

Size +/- 50,008 SF

Cap Rate 6.75%

Property Information

Property Overview

Sierra Meadows Plaza is a +/- 50,008 SF multi-tenant retail center in south Reno. Built in 1986, this retail center is situated on a +/- 4.4AC parcel with ample parking and great visibility from Hwy. 395 and S. Virginia St. The center benefits from high traffic and affluent demographics with combined daily traffic counts of 126,000 CPD and an average household income of over $80,000 within three miles. The asset’s current tenants include Camp Bow Wow, Reno Family Physicians, Bistro 7, Chihuahua’s Grill & Cantina, Labcorp, and more.

The property is located directly across S. Virginia St. from the Sierra Town Center which has tenants including Target, Famous Footwear, and Need 2 Speed. It is also located just south of The Commons shopping center which contains DSW, Total Wine, 5.11 Tactical, Guitar Center, PetSmart, Starbucks, and more.

Located on the south end of the Meadowood submarket, this property has prime frontage along one of the major thoroughfares in Reno. This submarket is growing and expanding including a new-construction Northern Nevada Medical Center less than 2 miles from the site and a 330-unit multifamily apartment complex currently under construction 1 mile south. The growth in Reno has been tremendous over the past 12 months and is continuing to pick up speed, marking the seasoned Meadowood submarket a high attraction for office and retail tenants.

Contact

Shareholder

Ian Cochran, CCIM

Partner
Reno
License B.145434.LLC
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O 775.433.1102
C 775.225.0826
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Shareholder

Greg Ruzzine, CCIM

Partner
Reno
License BS.145435
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O 775.433.1103
C 775.450.5779
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Brokerage

Sam Meredith

Associate
Reno
License S.189257
O 775.433.1111
C 775.737.2939
More Info