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NEVADA STATE INCENTIVES

  • No state, corporate or personal income tax

  • No estate tax, no inventory tax, no unitary tax, no franchise tax

  • Right-to-work state

  • Moderate real estate costs

  • Low workman compensation rates

FEATURED PROPERTY

470 South Meadows Pkwy, Reno NV

RE/MAX Premier Properties is pleased to present a great opportunity to purchase 470 South Meadows Pkwy, Reno, NV, a freestanding single tenant retail building operating a Steak ‘n Shake and an improved PAD.

Steak ‘n Shake is a nationally recognized fast food chain. This location is truly ideal for a fast food tenant, with excellent freeway exposure. The building is in excellent condition, constructed in 2017. This offering provides an opportunity for the investor looking for an absolute triple-net (NNN) lease that requires no management responsibilities. Eight years remain on the original ten year lease term and four, five year options to renew. The tenant pays all expense and maintenance including roof and structure.

Investment Highlights – Offered at 6.28% CAP based on actual and Pro Forma NOI

Steak N Shake: NNN lease ($165,000 actual NOI) with absolutely no Landlord responsibility. Established Tenant with 8 Years remaining on existing Lease term. New construction building, built in 2017. Busy location with freeway visibility

PAD for lease: 17,395 SF improved and ready for a +/-1,500 SF  stand alone (restaurant or retail). Ground lease rate $0.30 psf. (Additional $62,622 Pro Forma NOI)

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USEFUL LINKS

Business Costs

Nevada offers a very competitive cost of doing business and is attracting more and more companies each day from higher-cost regions.

 

Business Incentives

What’s your reason for doing business in Greater Reno-Sparks-Tahoe?

 

Why Nevada?

Greater Reno-Sparks-Tahoe is the place where businesses come to increase their bottom line and to grow, take advantage of Nevada’s business friendly environment, closer proximity to customers, and utilize the region’s skilled workforce.

 

Quality of Life

In a 24 hour town at the base of the beautiful Sierra Mountains, opportunities for recreation and entertainment abound.

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