392 Booth St

392 Booth St is a Starbucks retail property for sale at 392 Booth Street in Reno, NV, within the Keystone Commercial Corridor. The 1,662 SF building pairs a drive-thru and outdoor seating area with a corporate lease.

Built in 2026 as a build-to-suit Starbucks, the Property occupies a 0.47-acre lot with 15 parking spaces and a parking ratio of 9.02 per 1,000 SF. Its café format and drive-thru give the tenant ways to serve customers on site. The building is 100% occupied, and the Starbucks Corporation lease provides a defined tenant commitment for a buyer focused on a single-tenant retail asset.

The Property sits at the signalized corner of Keystone Avenue and Booth Street, where traffic is 19,981 AADT. Reno High School is directly across the street, and downtown Reno is 1.4 miles away. The Keystone Commercial Corridor also includes nearby medical and government offices and a daytime employment base. For a coffee retailer, that setting brings together school, workplace and passing traffic within the immediate trade area.

The asking price is $3,215,000, or $1,934.42 PSF. In-place NOI is $172,000 at a 5.35% in-place cap rate, and WALT is 9.6 years. The NNN lease commenced in June 2026 and calls for 10% rent increases every 5 years, giving the buyer a specified income schedule alongside the current return. Review the Offering Memorandum for the full investment opportunity.