Reno, Nevada

🌿 STNL Cannabis Dispensary | Established Downtown Reno Location | Adjacent to Ballpark Multifamily Development | 7.0% Cap Rate

📊 Investment Highlights

• Asking Price: $4,171,045.71

• Property Type: Retail

• Sub Type: Storefront / Cannabis Dispensary

• Investment Type: Net Lease (NNN)

• Class: C

• Tenancy: Single Tenant

• Tenant: STNL Cannabis Dispensary

• Square Footage: 3,312 SF

• Cap Rate: 7.00%

• NOI: $291,973

• Occupancy: 100% (Long-Term Tenant)

• Lease Expiration: 02/28/2027

• Stories: 1

• Year Built: 2006

• Buildings: 1

• Lot Size: 0.643 Acres

• Zoning: MD (Mixed-Use Downtown)

🧾 Executive Summary

DCG is proud to exclusively offer 132 East 2nd Street, a stabilized single-tenant retail investment property located in the heart of Downtown Reno, Nevada. This 3,312-square-foot STNL cannabis dispensary represents a premier opportunity to acquire a passive, income-producing asset with a strong-performing tenant and proven operational history.

The dispensary has been open and successful for over seven years, benefiting from its strategic downtown positioningadjacent to the 369-unit BALLPARK multifamily development and Greater Nevada Field, home of the Reno Aces Minor League Baseball team.

The tenant operates under a triple-net lease (NNN) structure, offering investors minimal landlord responsibilities and a steady 7.00% cap rate on in-place income. With built-in customer traffic from nearby residential, retail, and entertainment developments, the property provides long-term stability in one of Northern Nevada’s most dynamic urban markets.

🏢 Property Overview

• Address: 132 E 2nd Street, Reno, NV

• Building Size: 3,312 SF

• Land Area: 0.643 Acres

• Year Built: 2006

• Tenant: STNL Cannabis Dispensary

• Lease Type: NNN – Landlord Has Minimal Responsibilities

• Lease Expiration: February 28, 2027

• Occupancy: 100%

• Zoning: MD (Mixed-Use Downtown)

• Stories: 1

• Security: On-Site Security and Monitoring Systems

• Condition: Excellent – Well-Maintained, Strong Tenant Oversight

📍 Location Highlights

Downtown Reno Submarket Advantage
Located in the urban core of Reno, this asset sits at the intersection of major redevelopment activity and consistent foot traffic. The Ballpark District has transformed into one of Reno’s most desirable mixed-use destinations, attracting residents, tourists, and professionals alike.

Adjacent to Major Developments
Directly next to the 369-unit BALLPARK multifamily project, which adds a large built-in customer base and continuous traffic to the area. The property is also steps from Greater Nevada Field, the home stadium for the Reno Aces, creating an active retail and entertainment corridor.

Established Dispensary Presence
With over seven years of continuous operation, the tenant has built a recognized retail presence and strong brand loyalty in the region. Reno’s growing acceptance of cannabis and steady tourism base ensure continued sales stability.

Downtown Demand Drivers
Surrounded by residential growth, casinos, restaurants, and university expansion, downtown Reno continues to experience strong demographic and economic tailwinds. The area’s walkability and redevelopment incentives make it a key node in Northern Nevada’s cannabis retail landscape.

💡 Summary of Opportunity

• ✅ Established Cannabis Dispensary with 7+ Years of Operation

• 🌿 Strong Tenant Performance | NNN Lease | 7.00% Cap Rate

• 💼 $291,973 Annual NOI | Minimal Landlord Responsibility

• 📍 Prime Downtown Reno Location Near Ballpark and Major Development

• 🏢 3,312 SF Freestanding Retail Building | 0.643-Acre Lot

• 🧱 Modern Construction (2006) with Security Infrastructure in Place

• 🏙️ Mixed-Use Downtown Zoning – Long-Term Redevelopment Potential