the commons, reno nv...the commons reno | nevada property features > 152,000 square foot, class...
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COLLIERS INTERNATIONAL5520 Kietzke Lane, Suite 300Reno, NV 89511www.colliers.com/reno
ROXANNE STEVENSON + 1 775 823 [email protected]
CASEY SCOTT, CCIM + 1 755 823 [email protected]
The Commons, Reno NV
SOUTH VIRGINIA STREET AT SIERRA CENTER PARKWAY & US 395
The Commons is strategically located in the heart of Reno’s primary retail corridor and benefits from excellent freeway access and visibility on the I-580
(88,000 VPD) with an adjacent on/off ramp. Only one space remaining!
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20,000 ADT
108,000 ADT
MEADOWOOD SUBMARKET AERIAL
5.11 TACTICAL NOW OPEN!
The CommonsRENO | NEVADA
Property Features
> 152,000 square foot, Class “A” Retail Center located in Northern Nevada’s hub.
> Anchored by DSW Shoes, PetSmart, Guitar Center, David’s Bridal Total Wine & More and 5.11 Tactical now open.
> Co-tenants include: Starbucks, Scottrade, California State Automobile Association, Kenny G Jewelers, Jenny Craig, Massage Envy, Mattress Firm, Complete Nutrition, Eyemart Express Sweet Frog Frozen Yogurt and Tacos El Rey.
> Bordered by I-580 to the west providing excellent visibility and signage potential.
> Fully signalized intersection and 1/4 block from freeway on/off ramps at Neil Road.
> Population within a 3-mile radius is 66,757 with a median household income of $43,179.
> Strong daytime population of 96,048 workers within 3 miles.
> An average of 20,000 vehicles per day on South Virginia Street and 108,000 vehicles per day on I-580.
> Over 85 acres with 691 residential units are being developed a half mile to the west of the Commons at Rancharrah Mixed Use Development.
“OUT PARCEL BUILDINGS”
COLLIERS INTERNATIONAL5520 Kietzke Lane, Suite 300
Reno, NV 89511www.colliers.com/reno
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US Highway 395
South Virginia Street
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JP Dental
Care
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TRAFFIC COUNTS500’ N of Neil Rd. - 23,000 ADT US Highway 395 N 0.6 miles S of Neil Rd. - 112,000 ADT * 2016 Nevada Department of Transportation
TENANTS 1-3) Sushi Minato 4) UBREAKIFIX5) JP Dental Care6) California State Automobile Association (CSAA)7, 8 & 9) Massage Envy10) Starbucks11) Complete Nutrition 12) Sweet Frog Frozen Yogurt13) Kenny G Jewelry14) Eyemart Express15) AVAILABLE 10/01/18 - 1,200 SF Salon Improved16) Wrap It Up17) Tacos El Rey18) Jenny Craig19) Good Feet20) Ideal Image21 & 22) Scottrade23 & 24) Mattress Firm
Demographics*
1 Mile 3 Mile 5 MilePopulation 6,077 66,757 143,816Households 2,600 27,138 61,072Median HH Income $42,377 $43,179 $46,878Daytime Population 12,802 96,048 220,222*2017 Estimates
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RENO SPARKS ECONOMIC DEVELOPMENT
With Nevada having the third most business-friendly tax structures in the country, it opened up many possibilities of out-of-state companies to locate facilities here, including Apple, Tesla, Switch and Google. Apple recently chose Reno as its site for the massive iCloud data facility, making the largest land purchase in its history. Tesla Motors also invested in Nevada and is currently building the world’s largest lithium ion battery factory 20 miles east of Sparks in the Tahoe Reno Industrial Center (TRIC). This $5 billion lithium battery plant is projected to employ 6,500 people and 16,000 indirect jobs within the next few years. In addition, the Las Vegas based tech company, Switch, plans to invest $4 billion in a 7.2 million square foot data center. It is projected that there will be 16,000 new jobs that are indirectly related to these companies.
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