Two-Tenant Net Lease Building

1770 Dori Way, Carson City, NV 89706

1 / 9

For Sale

Description

NNN LEASES PROVIDE A PASSIVE INVESTMENT AND INCOME
Tenants operate under absolute NNN leases with no landlord responsibilities, insulating a buyer from potential increases in capital expenditures and operating expenses.
LONG-TERM CORPORATE LEASE WITH SAFELITE AUTE GLASS
Base lease term with Safelite runs until August 2034, and they have two 5-year options to extend. Safelite is the largest auto glass repair and replacement company in the U.S., currently operating over 7,100 locations and mobile units nationwide and backed by Belron, the world’s leading vehicle glass repair group operating in 40+ countries, performing millions of windshield repairs and replacements annually.
SECURE CASH FLOW AND FIXED RENT INCREASES
With ±8.5 years remaining on the Safe lease and ±7 years remaining on the L&N Party Rentals, and fixed annual rent increases, this property provides a future owner with additional cash flow and return on investment, along with a protection against inflation.
COMPLETE REMODEL - 100% OCCUPIED
Ground-up renovation completed in 2024, delivering a fully modernized asset with best-in-class construction and strong in-place tenancy.
HIGHWAY-50 AND INTERSTATE-580 EXPOSURE
The property is strategically located just off U.S. Highway 50 with immediate access to Interstate 580, two of Northern Nevada’s primary transportation corridors. This positioning provides direct connectivity to Reno, Lake Tahoe, and the greater Reno–Tahoe economic region, while offering excellent accessibility for daily commuters, regional traffic, and logistics. The site benefits from strong visibility and ease of ingress and egress, reinforcing long-term tenant desirability and supporting sustained commercial demand.
NO STATE TAX
Nevada has a business and investor-friendly tax environment, with no state personal income tax, corporate income tax, franchise tax, inheritance tax, or gift tax.

Other

CREXi Listing

Pricing

Financials

Price: $5,333,337
Cap Rate: 5.61%
NOI: $299,439

Property Details

Specs

Building Size: ±12,120 SF
Year Built: 1974
Land Area: ±0.28 AC (12,120 SF)
Property Type: Retail
Year Renovated: 2024

Description

NNN LEASES PROVIDE A PASSIVE INVESTMENT AND INCOME
Tenants operate under absolute NNN leases with no landlord responsibilities, insulating a buyer from potential increases in capital expenditures and operating expenses.
LONG-TERM CORPORATE LEASE WITH SAFELITE AUTE GLASS
Base lease term with Safelite runs until August 2034, and they have two 5-year options to extend. Safelite is the largest auto glass repair and replacement company in the U.S., currently operating over 7,100 locations and mobile units nationwide and backed by Belron, the world’s leading vehicle glass repair group operating in 40+ countries, performing millions of windshield repairs and replacements annually.
SECURE CASH FLOW AND FIXED RENT INCREASES
With ±8.5 years remaining on the Safe lease and ±7 years remaining on the L&N Party Rentals, and fixed annual rent increases, this property provides a future owner with additional cash flow and return on investment, along with a protection against inflation.
COMPLETE REMODEL - 100% OCCUPIED
Ground-up renovation completed in 2024, delivering a fully modernized asset with best-in-class construction and strong in-place tenancy.
HIGHWAY-50 AND INTERSTATE-580 EXPOSURE
The property is strategically located just off U.S. Highway 50 with immediate access to Interstate 580, two of Northern Nevada’s primary transportation corridors. This positioning provides direct connectivity to Reno, Lake Tahoe, and the greater Reno–Tahoe economic region, while offering excellent accessibility for daily commuters, regional traffic, and logistics. The site benefits from strong visibility and ease of ingress and egress, reinforcing long-term tenant desirability and supporting sustained commercial demand.
NO STATE TAX
Nevada has a business and investor-friendly tax environment, with no state personal income tax, corporate income tax, franchise tax, inheritance tax, or gift tax.