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KIDDER.COM
LEMMON DRIVE INTERCHANGE
19.05 ACRES FOR SALE | RETAIL, HOTEL, RESIDENTIAL | RENO, NV 89506
SUBJECT SITE19.05 ACRES
LEMMON DR
LEMMON DR
SKY VISTA PKWY
MILITARY RD
68,000 ADT
15,000 ADT31,000 ADT
28,000 ADT
TRADEMARKGLOBAL
SAGE POINT BUSINESS PARK | 1.5M SF
LOGISTICENTER | 1.6M SF
NVCC | 1.4M SF
219.05 ACRES FOR SALE RETAIL, HOTEL, RESIDENTIAL KIDDER MATHEWS
Kidder Mathews is pleased to present a retail/hotel/residential lot for sale next to US Highway 395 and Lemmon Drive in Reno, NV.
THE OFFERING
The subject property is located at a competitively strategic location on the full-movement, signalized U.S. Highway 395/Lemmon Drive intersection. Elevated ground gives way to perfect visibility of U.S. 395 and Lemmon Drive frontage.
PROPERTY DESCRIPTION
North Valleys is experiencing an extreme residential growth boom with 5,387 units being built and another 20,536 set for development; Stonegate luxury master planned community is of the developments at 4,000 single family units. On both sides of the site exists the new Amazon distribution center, Lasco Fittings, and Almo Distribution (1,2000,000 square feet) and the new North Valley's Commerce Center (1,676,000 square feet). More than 14,000,000 square feet of distribution and warehousing in the North Valleys and the neighboring Tahoe Reno Industrial Center give reason for all of this astonishing growth.
The Stead Airport (less than 3 miles from premises) was awarded by the FAA as one of the only facilities in the US to test drones, which, according to the State of Nevada, will likely create approximately 15,000 jobs. Options for purchasing individual pads or entire property are available.
CONCEPTUAL PLANS
Hotel with retail pads
Retail pads with residential area in back
Shopping center development
OFFERING SUMMARY
Sale Price Subject to Offer
Lot Size 19.05 Acres
DEMOGRAPHICS
Distance Population Avg. HH Income
1 Mile 2,717 $80,038
5 Miles 89,635 $72,769
10 Miles 378,244 $78,442
319.05 ACRES FOR SALE RETAIL, HOTEL, RESIDENTIAL KIDDER MATHEWS
SB H
WY
39
5SB O
FF RA
MP
SB
ON
RA
MP
NB
HW
Y 3
95
NORTH VALLEY CENTER CONCEPTUAL SITE PLAN
COMMERCIAL BLDGS KEY
Restaurant
Fast Food
Gas Station (Can Be Expanded)
Tire Shop
Misc. Shops
Hotel
The information contained on this concept map has been obtained from sources that are believed to be reliable. Any interested parties agree to investigate, inspect, and review the property with respect to applicable zoning, physical conditions and suitability for use.
N
APARTMENT BUILDING OFFERING MEMORANDUM KIDDER MATHEWS 4
LOCATED IN the heart of North Valleys Exit 74 on- bound and off-bound ramp of 395 North Valleys/ Lemmon Drive interchange
HIGH TRAFFIC COUNTS 68,000 ADT US 395 and 31,000 ADT Lemmon Drive
PRIME OPPORTUNITY due to the thriving workforce and population that is currently underserved in the area
PROPERTY FEATURES
19.05 ACRES ZONING for Arterial Commercial (includes multi-family and retail uses)
OVER 20,536 NEW HOUSING units pending, approved, or under construction; 748 single-family residential homes have sold from June 2017 to June 2018 in the North Valleys housing market
OVER 14 MILLION SF of industrial warehousing with 11,584 daytime employees within a five-mile radius underserved due to lack of
traditional retail categories currently servicing the area
EASY DRIVE TIME to the University of Nevada, Truckee Meadows Community College, Desert Research Institute and Reno-Stead International Airport
POSSIBLE hotel site to provide stay to a large number of employees that service 60 million customers in 8 states within one-day drive from five major ports (two days to eleven different states)
ADJACENT to anchor tenants including Walmart, Smiths, Big Lots, Grocery Outlet, True Value Hardware, and Walgreens
CLOSE PROXIMITY the main Bus 7 transit line on Sky Vista Parkway and Lemmon Drive
NOTABLE NEARBY COMPANIES include Amazon, Mary's Gone Crackers, JC Penny, UPS Logistics, Tagg Logistics, Urban Outfitters, Petco, Volvo, General Motors, Firestone, and many more
19.05 ACRES FOR SALE RETAIL, HOTEL, RESIDENTIAL KIDDER MATHEWS 4
519.05 ACRES FOR SALE RETAIL, HOTEL, RESIDENTIAL KIDDER MATHEWS
PARCEL MAP
567.19
610.
70
43.7
0
480.
70
157.24MALCOLM AVE.
DRI VE
NORTH
TIMBERVALE
DRIVE
278.34 50
082-24
082-10
082-26
POPPYWOOD
DRIVE
THISTLE RIDGE DR.
KNOLLWOOD DR.
PRA IR
I ERID
GE
205.79
203.
54
198.00
593.
00
MEMORIAL DR.LE
MMON
D
RIVE
171.
22
246.64
431.85
97.22
367.
33
533.97
780.61
655.97 43.10
515.60
145.47
722.
99
149.
46570-20 thru 23
N. VIRGINIA STREET
U.S. HIGHWAY 395
189.12
156.
77
144.
26
WES
TBRO
OK
MEDG
AR
KENN
EDY
DR
.
CORETTA WAYAV
ENUE
LANE
465.66
615.
00
299.
32
DRIVE
1241
.91
120.00
TIGERWOOD
CT.
M O R G A N IT E D R.
SOUTH
TIMB ERVALE
DRIVE
PRAIRIERIDGE
8 9
DED. T.M. 4807
R.S. 4235
570-281-01
570-282-03
570-282-05
570-282-06
5.97 ac.
58.77
R.S. 4235
WA
SH
OE
CO
UN
TY
CIT
Y O
F R
EN
O
PAR. 3
R.S. 4235
R.S. 4235
DED. T.M. 4807
570-282-0283544 sf
2.932 ac.570-282-043.47 ac.
DED.T.M.4807PAR. 2
R.S. 4235PAR. 1
4.428 ac.
3.05 ac.
8 9
17 16
CIT
Y O
F R
ENO
WAS
HO
E C
OU
NTY
CITY OF RENO
WASHOE COUNTY
9
16
570-25
570-24
570-27
570-26
281
3.01 ac.570-282-01R.S. 4235
282
SITE APN PARCELS
APN Parcel # Size
570-282-01 3.01 AC
570-282-02 1.92 AC
570-282-03 2.93 AC
570-282-04 3.47 AC
570-282-05 4.43 AC
570-282-06 3.05 ACSUBJECT SITE19.05 ACRES
619.05 ACRES FOR SALE RETAIL, HOTEL, RESIDENTIAL KIDDER MATHEWS
RETAILER AERIAL
VISTA HILLS
NORTH HILLS SHOPPING CENTER
LEMM
ON
DR
BUCK DR
GOLDEN VALLEY RD
SKY VISTA PKWY
N VIRGINIA ST
SUBJECT SITE19.05 ACRES
68,000 ADT
28,000 ADT
31,000 ADT
719.05 ACRES FOR SALE RETAIL, HOTEL, RESIDENTIAL KIDDER MATHEWS
INDUSTRIAL PARKS AERIAL
RENO STEAD AIRPORT
ST
EA
D B
LVD
N VIRGINIA ST
MILITA
RY
RD
MOYA BLVD
N R
ED
RO
CK
RD
LEMM
ON D
R
JC Penny Distribution1.6 Million SF
1.25 MILLION SFAmazon, Lasco Fittings, Almo
Corp, Smart Warehousing
LOGISTICENTER PHASE I
2 MILLION SFArrow Electronics, Petco,
Almo, Sally Beauty, Contec
RED ROCK IND PARK
1.7 MILLION SFMary's Gone Crackers,
Trademark Global, Supply House, Ansell, Exxel
Outdoors
NORTH VALLEYS CC
2 MILLION SFSherwin Williams, UPS Logistics, Volvo, Genco, TAGG Logistics, Bender, Quality Bicycle Parts,
Cascade Designs, Turn 14
SAGE POINT BUSINESS PARK
14 MILLION SFFosdick, Urban Outfitters, General
Motors, Burrows Packaging, Cardinal Health, Belnick, SA
Automotive, inMusic, Daimler
STEAD INDUSTRIAL
1.6 MILLION SFMarmot, Fosdick
LOGISTICENTER PHASE II
SUBJECT SITE
N
819.05 ACRES FOR SALE RETAIL, HOTEL, RESIDENTIAL KIDDER MATHEWS
The property has prominent freeway visibility and access. It is located directly on the on/off ramps of the 395 Highway interchange adjacent to shopping centers that include anchor tenants Walmart, Smiths, Grocery Outlet, Big Lots, CVS Pharmacy, and True Value Hardware. These act as huge traffic generators for the neighboring area and the population entering from the California border. A number of national chain tenants saturate
HOUSING OVERVIEW
the area including McDonalds, Starbucks, Jack in the Box, Qdoba, Pizza Hut, Papa Murphy's, Dickey's Barbeque Pit, Port of Subs, Bank of America, Wells Fargo, AT&T, UPS, Sally Beauty Supply, Allstate Insurance, H&R Block, and many more. These national names have created a trend in the area that have put North Valleys on the map--and is only expected to continue to grow in the next several years.
North Valleys is home to multiple Fortune 500 companies which employ thousands of workers in the region. An estimated 20,536 homes are currently under construction as depicted on the map index. A total
of 748 single family residences have been sold from June 2017 to June 2018. Currently, more than 110,000 people live within a five mile radius of the property location, and there is a projected 5% growth within the next five years. The housing vacancy sits at only 5% and continues to decline as people continue to move into the area.
The Economic Development Authority of Western Nevada (EDAWN) is projecting up to 50,000 new jobs and 50,000 new single family residences by 2020.
HOUSING DEVELOPMENT AERIAL KEY
Map Index # Development # Units
1 Evans Ranch 5,679
2 Silver Star Ranch 1,600
3 Woodland Village 446
4 Silver Hills 680
5 Canyon Hills 8
6 White Lake Vistas 324
7 Train Town 1,300
8 Stonegate SF 3,815
9 Stonegate MF 320
10 Echeverria Peavine 2,024
11 Regency Park II 204
12 Regency Park I 108
13 Silver Vista Village 194
14 Arroyo Crossing 237
15 Silver Peak Apartments 420
16 Stonefield 470
17 Prado Ranch 130
18 North Valley Estates III 66
19 North Valley Estates II 141
20 North Valley Estates I 45
21 Lemmon Valley Apartments 264
22 Lemmon Valley Apartments 112
23 Stead Phase 2 68
24 Stead Phase 1 179
25 Sky Vista Apartments 72
26 Lakes at Sky Vista 768
27 Vista Hills 338
28 Estancia 197
29 Cabernet Highlands 212
30 Golden Mesa North 115
919.05 ACRES FOR SALE RETAIL, HOTEL, RESIDENTIAL KIDDER MATHEWS
WH
ITE
LA
KE
PK
WY
LEMM
ON D
R
N VIRGINIA ST
ST
EA
D R
D
NORTH VALLEYS HOUSING DEVELOPMENT AERIAL
01
03
23
11
16
27
04
05
06
07
LEMMON VALLEY
GOLDEN VALLEY
STEAD
RED ROCK
COLD SPRINGS
RENO STEAD AIRPORT
08
25
17
21
09
18
20
02
22
15
30
10
24 26
19
28
12
29
13
14
SUBJECT SITE
DEVELOPMENT TYPE
Indicates Housing Developments
Indicates Apartment DevelopmentsN
1019.05 ACRES FOR SALE RETAIL, HOTEL, RESIDENTIAL KIDDER MATHEWS
RENO, NVReno has become one of the fastest growing cities in the nation. Located in the center of the 11 western states, Nevada provides easy access to vital markets, servicing over 60 million customers in a two-day transit to 11 different states. The state has no corporate income tax, personal income tax, inventory tax, unitary, estate and/or gift taxes, franchise tax, inheritance tax or special tangible gift tax. Reno has an unsurpassed transportation infrastructure and market reach which, combined with zero inventory tax, is why top brands such as Amazon, Zappos, Wal-Mart, Levi Strauss & Co., Sysco and CDW chose to locate their warehousing, distribution, and fulfillment operations in the area. Nevada also has brought huge industrial/technology users to the
region including Tesla, Microsoft, International Gaming Technology, Lincoln Electric, Apple, and Switch Technology. Tesla and Switch alone have both invested $1 billion in the Reno economy.
Northern Nevada has a rare quality of life. You can be in the busy city on business or go on an adventure to Lake Tahoe within a 30-minute drive. The recreational opportunities in Nevada are limitless from skiing, fishing, boating, hiking, mountain biking, and off-roading are only a few of the many activities you can enjoy. Reno/Tahoe holds a wide range of events including Burning Man (nationally recognized), Balloon Races, Air Races, Hot August Nights, Reno Rodeo, Street Vibrations, Best in the West Rib Cook-Off, ArtTown, Reno Aces Triple-A Baseball, Bighorns Basketball games, UNR Football games, Food Truck Friday, PGA Golf Tour, Reno Tahoe Celebrity Golf Tournament, Shakespear at the Lake, Night in the Country, and several more. With a broad range
MARKET OVERVIEW
of arts, culture, diversity, and public services, Nevada has become number three in the nation for economic growth rate potential.
One of the gems of Reno is the University of Nevada. It is not only the second top employer in Reno with over 4,500 employees but is a Tier 1 University now enrolling 20,000 students. The internationally recognized Desert Research Institute has over 500 skilled scientists, engineers, technicians, and students working on 400 different projects around the world.
The incentives of life in Reno/Sparks are expansive. The unemployment rate has plummeted to 3.6% from 14% only five years ago. The return on investment for companies and individuals in the form of tax-saving dollars can be enormous. Not only is the economy healthy, it's also a great place to live in the city or raise a family.
SUBJECT SITE
RENONORTHWEST
RENO
SUN VALLEY
Rancho San Rafael
Regional Park
Red Hill
E 7TH AVE
GOLDEN VALLEY RD
DANDINI BLVD
E PARR BLVD
ODDIE BLVD
N VIRGINIA ST
N V
IRG
INIA
ST
LEM
MO
N D
R
SU
N V
ALL
EY BLVD
SU
TR
O S
T
N W
EL
LS
AV
EEV
AN
S A
VE
KEY
STON
E AV
E
W 7TH
ST
LAS BRISAS BLVDRO
BB DR
EL
RA
NC
HO
DR
19.05 ACRES FOR SALE RETAIL, HOTEL, RESIDENTIAL KIDDER MATHEWS 11
1219.05 ACRES FOR SALE RETAIL, HOTEL, RESIDENTIAL KIDDER MATHEWS
DEMOGRAPHICS
POPULATION
1 Mile 5 Miles 10 Miles
Total Population 2,717 89,635 378,244
Median Age 41.1 33.8 36.8
Male Population 1,407 45,654 191,449
Female Population 1,310 43,981 186,796
HOUSEHOLDS & INCOME
1 Mile 5 Miles 10 Miles
Total Households 944 30,522 144,017
# Of Persons Per HH 2.87 2.90 2.59
Average HH Income $58,971 $58,146 $58,292
Average House Value $230,983 $249,101 $291,401
RACE
1 Mile 5 Miles 10 Miles
% White 73.9% 69.5% 71.6%
% Black 2.7% 3.0% 2.8%
% Asian 2.0% 5.6% 5.8%
% Pacific Islander 0.9% 0.9% 0.7%
% Native American 1.8% 1.5% 1.5%
% Other 18.7% 19.5% 17.5%
SUBJECT SITE
RENO
COLD SPRINGS
SPANISH SPRINGS
SUN VALLEY
SPARKS
HIDDEN VALLEY
VERDI
NE
VA
DA
CA
LIFO
RN
IAN
EV
AD
AC
ALIF
OR
NIA
LOCKWOOD
LEMMON VALLEY-GOLDEN
VALLEY
Babbit Peak
Verdi Peak
NORTHWEST RENO
19.05 ACRES FOR SALE RETAIL, HOTEL, RESIDENTIAL KIDDER MATHEWS 13
MARK KEYZERSSenior Vice President
Mark is a senior vice president with Kidder Mathews specializing in commercial real estate for mixed-use land, retail, office, multifamily and shopping center development, sales and leasing, landlord and tenant representation. Clients he has represented include Baskin Robbins, Blaze Pizza, Blue Wave Car Wash, C-III Capital Partners, CAV Strategies, Centennial American Properties, Cold Stone Creamery, Cost Cutters, Cycle Gear, Del Taco, Deutsche Asset & Wealth Management, Discount Tire, Dunkin Donuts, Eden Management, FITE Development, Fitness 19, Furniture Row, Gabrielson & Company, Hudson Properties, GNC, Grateful Gardens, Hallmark, It’s A Grind, Jimmy Johns, Keva Juice, Lewis Retail Centers, Panera Bread Company, Picerne Group, Pet Station, Quickstop Gas Stations, Quizno’s Subs, Selective Real Estate Investments, Sonic, Supercuts, Subway, Surf Thru Car Wash, Sywest Development, Regis Hair Salons, RREEF Real Estate, T-Mobile, Verizon Wireless, Wall Street Property Company, World Savings Bank and World of Beer.
Mark began his real estate career in 1993 as an analyst and assistant manager for The Macerich Company (MAC). While there, he was a member of the acquisitions and transitions teams responsible for adding over 30 million square feet to the portfolio
and the company becoming a publicly traded REIT on the New York Stock Exchange. He was also had positions in management, leasing, marketing, and construction management for the shopping center properties in Fresno, California and Reno, Nevada totaling more than 5.3 million square feet. Mark moved to commercial brokerage in 1998 and joined Grubb & Ellis as an associate. Mark joined Colliers International in 2000 as a senior associate. In 2005, Mark became a partner | principal and senior vice president with NAI Alliance Commercial Real Estate Service. Mark has earned numerous Top Producer and Service Awards for each the companies and member affiliations he has been with.
AFFILIATIONS & MEMBERSHIPS
LICENSED Nevada Real Estate Broker/Salesman
MEMBER CCIM, 2005 to present
MEMBER ICSC (International Council of Shopping Centers), 1993 to present
GOVERNMENT AFFAIRS CHAIRMAN State of Nevada for ICSC, 2016 to present & 2004-2014
ALLIANCE COMMITTEE MEMBER ICSC, 2006-2012
DIRECTOR Junior Achievement, 2004-2008
EDUCATION
BA in Finance and Real Estate with a Minor in Business Law, New Mexico University
T 775.470.8875 C 775.250.0400 LIC N° BS.0044999
50 W Liberty St Suite 900 Reno, NV 89501
SELECT CLIENT LIST
Blaze Pizza
Cold Stone Creamery
Discount Tire
Dunkin Brands
Del Taco
Grateful Gardens
Inspire Brands
Jimmy Johns
Lewis Retail Centers
Team Overview
19.05 ACRES FOR SALE RETAIL, HOTEL, RESIDENTIAL KIDDER MATHEWS 14
TROY KEENEYSenior Associate
Troy is a senior associate with Kidder Mathews specializing in retail sales, leasing and development consulting. Clients he has represented include but are not limited to Blaze Pizza, Panera Bread, Sonic Burger, Discount Tire, Verizon Wireless, Dunkin’ Donuts, Lewis Retail Centers, Silverwing Development, and Centennial American Properties.
Troy began studying commercial real estate investing in 2015 where he found a feracious passion for commercial real estate. He continued to further his real estate endeavors by joining a commercial real estate brokerage firm in 2017 where he began to work under some of the most knowledgeable brokers in his market. Since then Troy has been involved in numerous shopping center sales, land sales, leases, and retail developments.
AFFILIATIONS & MEMBERSHIPS
LICENSED Nevada Real Estate Agent
EDUCATION
BA in General Business with a Minor in Entrepreneurship, University of Nevada, Reno
T 775.470.8874 C 702.835.3398 LIC N° S.0183933
50 W Liberty St Suite 900 Reno, NV 89501
SELECT CLIENT LIST
Blaze Pizza
Centennial American Properties
Discount Tire
Dunkin’ Donuts
Lewis Retail Centers
Panera Bread
Silverwing Development
Team Overview
19.05 ACRES FOR SALE RETAIL, HOTEL, RESIDENTIAL KIDDER MATHEWS 15
KIDDER.COM
EXCLUSIVELY REPRESENTED BY
MARK KEYZERS
[email protected] N° BS.0044999
TROY KEENEY
[email protected] N° S.0183933
