Newmark is pleased to present a generational opportunity to own a portion of The Legends at Sparks Marina (“Property”), an iconic 1.1 million square foot regional open-air shopping center serving as the retail cornerstone of the greater Reno, Nevada sub-market of Sparks. As the region’s premier retail and entertainment destination, The Legends at Sparks Marina commands significant consumer traffic with nearly 12 million annual visits, solidifying its position as Northern Nevada’s #1 destination for shopping, dining, and entertainment. The quality and care of the improvements is unprecedented significantly extending the customer visit.

Anchored by a robust line-up of national and destination retailers—Galaxy Theatres (featuring the area’s only IMAX theatre with nearly $12 million in annual sales), Burlington, Scheels (NAP), Target (NAP), Lowe’s (NAP), TJ Maxx (NAP), and Legends Bay Casino (NAP)—the property boasts a dynamic and diversified tenant mix dramatically increasing Legend’s drawing power. Additional notable tenants include Defy, H&M, Cavender’s, Yard House (under construction), Nike, Converse, Adidas, Oakley, Guess, and Sephora. This curated array of tenancy covers entertainment, dining, health & beauty, and leading fashion and lifestyle brands, appealing to a wide regional customer base.

Occupying a high-visibility site along Interstate 80, with an impressive +/-1,700 linear feet of frontage, the Property enjoys direct access to a trade area extending over 50 miles, ensuring sustained regional draw and long-term tenant desirability. The offering encompasses 421,479 square feet of improvements across a well-designed site spanning over +/-41.26 acres, thoughtfully laid out to maximize visibility, accessibility, and foot traffic.

The Legends at Sparks Marina has demonstrated consistent leasing momentum, with recent additions of high-performing & credit retailers reflecting robust tenant sales and enduring market appeal. The current tenant tenure averages nine years, with a Weighted Average Lease Term (WALT) of 4.73 (as of 4/1/2026), providing stable in-place cash flow and upside potential. The Legends at Sparks Marina offers investors a unique opportunity to acquire Northern Nevada’s flagship retail and entertainment destination, benefiting from unmatched access, proven tenant performance, diverse retail and entertainment offerings, and a strong track record of success. Positioned at the forefront of the region’s commercial and residential growth, The Legends remains the primary choice for new and expanding tenants seeking a market-leading property in the Reno-Sparks metropolitan region.