Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the seller, is offering qualified investors the opportunity to acquire a 133,000-square-foot, grocery-anchored retail center in Reno, Nevada. Peckham Square features a nationally recognized tenant roster that includes Grocery Outlet, Harbor Freight Tools, JOANN Fabrics and Dollar Tree, among others. With excellent visibility from the US-395 / I-580 freeway (124,000 vehicles per day), the retail center is strategically located in the heart of Reno’s primary retail corridor, directly across the street from the Reno-Sparks Convention Center (300,000 visitors per year) and near the Reno-Tahoe International Airport (four million passengers per year). Peckham Square offers a stable income stream from national brand tenants as well as immediate value creation opportunities through the lease-up and development of available pad sites.
Situated on 12.27 acres at 3650-3880 Kietzke Lane, Peckham Square provides the opportunity to acquire a successful neighborhood grocery-anchored center at a price-per-square-foot basis that is well below current replacement cost. Additionally, the existing financing with a below market fixed interest rate of 4.24 percent enhances leveraged returns.