Reno, NV - Brasserie St James Restaurant

Description:

• Historic Location – the Building was given a Historic Preservation Award in 2016
• Absolute NNN Lease – zero maintenance or expense responsibilities
• 2% Annual Rent Increases – excellent hedge against inflation
• Personal Guaranty from High Net Worth individual
• Tenant has invested in new Roof, HVAC, Electrical & Plumbing since 2015

• Dense Midtown Market – over 22,000 population within 1 mile of the subject property
• Strong Income Area – average household income is $96,261 in a
5- mile radius
• Strategic location – situated in the rapidly growing region of Midtown Reno, 1 mile south of Downtown Reno
• 1.5 miles south of the University of Nevada-Reno (~20,000 students)
• 1.5 miles southwest of Renown Regional Medical Center, the region’s only level II trauma center with 985 licensed patient beds, providing care to approximately 1 million patients
• 1.5 miles east of Reno High School (~1,800 students)
• 1.5 miles west of Earl Wooster High School (~1,500 students)
• 2 miles west of Reno-Tahoe International Airport, which served over 4.5 million passengers in 2023
• Tax Free State – no state income tax in Nevada