BRENT BOHLKENSenior Managing Director858.875.3616bbohlken@ngkf.comCA RE License #01022607

RON REYNOLDSCalifornia Commercial619.306.3314calcommercial@hotmail.com

FOR SALESingle Tenant Net-Leased Investment

2401 E. 5th Street | Reno, NV 89512 FEATURES:

• 38 Position Cross-Dock Truck Terminal on 2.17 Acres

• ± 13,400 SF Under Roof w/ Offices and Warehouse

• New Roof in 2018

• ± 2.17 Acres Land Area

• 16’ Ceiling Height

• APN: 008-224-01

• MUE4 Zoning

• Credit Tenant - Central Freight Lines

• Tenant has occupied for over 25 years

• New seven year lease recently signed

• Excellent Freeway Proximity to I-580 & I-80

SALE PRICE: $3,300,000CAP RATE: 6.65%

80

580

FOR SALE2401 E. 5th Street | Reno, NV 89512

SITE

Single Tenant Net-Leased Investment

SITE AERIAL

PLAT MAPAPN: 008-224-01

2.17 AC

80

SITE

± 2.17 ACRES

AREA OVERVIEWMAJOR ECONOMIC DRIVERS TAHOE RENO INDUSTRIAL CENTER

The Tahoe Reno Industrial Center (TRI Center) is a remarkable, massive 107,000-acre park that encompasses a developable 30,000 acre industrial complex. It is located in Storey County, Nevada approximately nine miles east of the Reno-Sparks area on the 1-80 freeway.

TRI Center currently has approximately 15,000 acres in Phase I, Phase II and Phase III zoned for industrial use, with plans of future expansion. This vast park is intended to be a mixed-use, nonresidential development, consisting of a wide range of industrial, office and commercial businesses. There is approximately 11 million SF of industrial space now in use by almost 130 companies.

107,000 ACREStotal area

11.0 MSFtotal industrial space

170+tenants

APPLE DATA CENTER

The one that started it all. The Reno area has had its fair share of economic development triumphs, including distribution centers for some well-known companies. Apple's $100 million data center, however, was the first sexy project to really put Reno on the map while making it a viable location for data centers at the same time. Since Apple's arrival, the area has racked up a nice list of data center facilities as well as high-profile projects such as Tesla and Switch. The data center also continues to expand years after its announcement and is poised to get 100% of its power from renewable energy sources.

$100.0M+400,000+ SF

TESLA GIGAFACTORY

Costing $5 billion and projected to employ 6,500 people once up and running, Tesla Motors’ gigafactory at the Tahoe Reno Industrial Center is considered one of the biggest wins in economic development history. The gigafactory is the linchpin in Tesla’s plans for expansion, manufacturing an estimated 500,000 battery packs for the company’s electric cars each year when operational. It will also allow the company to eventually scale up its Tesla Energy line of storage batteries for homes and businesses. Just as important as its raw numbers, however, is its impact on Reno’s reputation as a place to do business for companies looking to expand.

$5.0B10.0 MSF

RACKSPACE DATA CENTER

San Antonio-based Rackspace plans to build a $422 million, 150,000-square-foot data center at Reno Technology Park, which will be serving clients on the West Coast. The company is projecting $95.5 million in payroll as well as a projected economic impact of $323.4 million. Rackspace is a managed cloud services company with 300,000 clients in more than 120 countries.

$422.0M150,000 SF

SWITCH SUPERNAP CAMPUS

The colocation data center at the Tahoe Reno Industrial Center is a huge undertaking, projected to cost $3 billion and comprise of 6.49 million square feet. Once finished, the SUPERNAP will be a key part of Switch's "Superloop" system, allowing incredibly fast connection speeds for clients in a circular area bordered by Reno, San Francisco, Las Vegas and Los Angeles. It will also be the largest data center campus in the world and house the largest single data center building at 1.2 million square feet. Switch's clients number more than 1,000 and includes high-profile names such as eBay, Xerox, DreamWorks and Shutterfly.

$3.0B6.4 MSF

AMAZON RENO FULFILLMENT CENTER*

Amazon operated a fulfillment center in Fernley for years before deciding to do a horizontal move to Reno by building a new 630,000-square-foot facility. Compared to the old Fernley center, the new facility in Reno literally got supersized to handle larger packages while also featuring the latest technology in Amazon's warehousing arsenal. The facility processes tens of thousands of items per day.

*Note: The Amazon Reno Fullfillment Center is NOT located at the TRI Center.

$100.0M630,000 SF

TENANT OVERVIEW

Property 2401 E. 5th Street Reno, NV 89512

Tenant (Lessee) Central Freight Lines, Inc.

Term 84 months

Commencement Date March, 2018

Termination Date February 29, 2025

Extension Option One (1) Seven (7)-Year Option at $21,000 NNN per month ($252,000 Annual)

Monthly Rent $18,310

Annual Rent $218,600

Payment of Rent Monthly rent - first of each month

Lease Form AIR Single Tenant Net Lease

2401 E. 5th Street is currently 100% leased by Central Freight Lines, Inc. The tenant has been occupying the property over 25 years and has just renewed for an additional seven (7) years at $18,310/month.

Central Freight Lines has sustainability, financial strength and an infrastructure designed to intelligently support the logistical needs of North America’s largest manufacturing, retail and distribution enterprises. Central Freight Lines entire team is focused on: Safety, Sustainability and Service. They have expanded to cover shipping services through 21 states. Central continues to deliver ever-improving value to their customers. They are proud to be celebrating 90 years of service to the shipping public.

CENTRAL FREIGHT LINES, INC.

CENTRAL FREIGHT LINES SERVICE AREA

N

RENO

SPARKSSITE80

580

LOCATION2401 E. 5th Street | Reno, NV 89512

BRENT BOHLKENSenior Managing Director858.875.3616bbohlken@ngkf.comCA RE License #01022607

RON REYNOLDSCalifornia Commercial619.306.3314calcommercial@hotmail.com

1 Mile 3 Mile 5 Mile

2018 Population 18,656 126,054 256,342

2023 Population 19,995 134,525 273,566

Pop. Growth (2018-2023) 7.18% 6.72% 6.72%

2018 Households 6,951 50,793 102,144

Average HH Income $41,729 $50,223 $63,700

Median Home Value $153,825 $209,161 $263,147

Total Businesses 1,148 9,485 15,257

Number of Employees 30,383 136,064 196,295

DEMOGRAPHIC