6340 Mae Anne Ave
Reno, NV 89523 Northwest Reno

A fully-leased, multi-tenant neighborhood retail building, part of the Quail North West II retail center in the densely populated Mae Anne Avenue corridor of northwest Reno, near McCarran Boulevard. The ±6,130 SF concrete tilt-up building (built in 2005) is 100% occupied by two tenants, Got Pho and Stand Proud Dog Training, both on triple-net leases, delivering a stable, low-management income stream. 

At the $2,050,000 list price the asset offers a 5.60% in-place cap rate (CY 2027) with a clear path to a 6.74% pro forma cap rate. The tenants are contractually obligated to reimburse property taxes under their NNN leases, an immediate NOI pickup once billed, and one space is currently below market rent, providing embedded upside. Surrounded by established rooftops and daily-needs retail, the property is an attractive stabilized-income opportunity for a private or 1031 investor.