SOLDRetail
Wealth Management Trust Sells 9,026-SF Dollar General In Reno Represented By STRIVE On 03/04/2025
6160 Lamar Road
Building Size
—
Asset Type
Retail
Closing
Mar 4, 2025
AI
The property asset involved in the transaction is a retail space located at 6160 Lamar Road in Reno, featuring a Dollar General store with a total area of 9,026 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 6160 Lamar Road
- Market: Reno
- Brokers: Adam Gottschalk & Jason Vitorino - STRIVE
- Seller: A wealth management trust
- Buyer: Local buyer
Adam Gottschalk and Jason Vitorino from STRIVE represented the seller in this transaction and played a key role in sourcing a local buyer for the property.
Players
Reno Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93