Lemmon Valley Retail Plaza
A planned 19.6-acre retail plaza in Lemmon Valley with 10 tenant spaces that could include drive-through restaurants, shops, and a car wash. Status and sources.
Project facts
- Status
- Permitted
- Submarket
- North Valleys / Lemmon Valley
- Address
- Off Lemmon Drive and Memorial Road, Lemmon Valley, Reno, NV (street address not disclosed)
- Size
- 19.6 acres; about 2.3 acres of buildings; 10 tenant spaces
- Developer
- Private developer that owns the land, not named in reporting
- Timeline
- Building permit request under City of Reno review; Regional Planning Commission approved its project-of-regional-significance review, per 2News (June 2026); construction start and openings TBD
- Last updated
- Committed tenants
- None publicly announced
What it is
The Lemmon Valley Retail Plaza is a planned commercial center on 19.6 acres off Lemmon Drive and Memorial Road in Reno's North Valleys, per 2News. The building permit request covers about 2.3 acres of buildings with 10 tenant spaces, which could include drive-through restaurants, retail stores, and possibly a car wash. The tenant mix is not set.
The developer is a private owner of the land and will fund the project itself, per 2News; its name has not been reported. "Lemmon Valley Retail Plaza" is our descriptive name for the tracker, not a marketed name. Tracked on our What's Coming to Reno hub.
Status as of October 2026
Permitted. On this hub, Permitted means a building permit has been filed or issued with no construction reported. Per 2News in June 2026, the City of Reno and the Truckee Meadows Regional Planning Agency were working through the building permit request.
The project was flagged as a Project of Regional Significance because of traffic. The agency's threshold is 6,250 vehicle trips a day, and this plaza projects a little over 9,000, said Chris Talley, a regional planner with the agency, to 2News. The Regional Planning Commission approved that review, which, after an appeal period, satisfies one of the City of Reno's conditions and lets the proposal move forward, per the same report. Remaining city steps, permit issuance, and a construction start were not reported in the sources we track as of October 7, 2026.
Timeline
- June 2026: Building permit request under review; the Regional Planning Commission approves the project-of-regional-significance review, per 2News.
- Permit issuance, construction start, tenant announcements, openings: TBD.
Who is in
No tenants have been announced. The permit request describes 10 tenant spaces that could include drive-through restaurants, retail stores, and possibly a car wash, per 2News; nothing is set.
What it means for tenants, owners, and investors
Tenants. Ian Cochran's view: 10 spaces with drive-through potential is exactly the product quick-service and coffee brands are chasing right now. Chipotle opened its 1,500th Chipotlane on September 29 and plans 350 to 370 new restaurants this year, most with a pickup lane, per the company. Pads like these get spoken for early, so brands that want the North Valleys should engage before tenant marketing starts. New construction here will price at new-construction rents, which run $4.00 to $5.00 per square foot per month market-wide, per brokers cited by the Nevada Appeal. See our North Valleys retail guide.
Owners. Ian Cochran's view: the North Valleys has been short on convenience retail for years, and a new pad center serves rooftops that existing centers along Lemmon Drive and US 395 already compete for. We estimated North Valleys vacancy near 2.5% in Q2 2026, per our Q2 2026 report. Owners nearby should lock in renewals before new space delivers.
Investors. Ian Cochran's view: single-tenant drive-through pads on ground leases are among the most liquid net-lease assets there are, and a new center creates several at once. Stabilized multi-tenant Reno retail has traded near a 6.0% to 6.5% cap rate, per our Q2 2026 report. See our NNN investment guide for how pads price.
Sources
- 2News, June 2026: building permit request, site and building size, tenant spaces, possible uses, and the Regional Planning Commission approval, quoting Chris Talley of the Truckee Meadows Regional Planning Agency
- Retail Reno Q2 2026 report, August 14, 2026
- Chipotle announcement, September 29, 2026: 1,500th Chipotlane and 2026 opening plans
- Nevada Appeal, new-construction rents cited by brokers, via our fall 2026 tracker update
Sources
- 2News (June 2026): building permit request, 19.6 acres, about 2.3 acres of buildings, 10 tenant spaces, possible uses, and the Regional Planning Commission's project-of-regional-significance approval, quoting Chris Talley of the Truckee Meadows Regional Planning Agency
- Retail Reno Q2 2026 Reno-Sparks Retail Market Report (August 14, 2026)
- Chipotle announcement (September 29, 2026), 1,500th Chipotlane and 2026 opening plans
- Nevada Appeal, new-construction rent range cited by brokers, via our fall 2026 tracker update
Project details come from public filings and news reports and may change. Confirm status, timing, and availability with the developer or the listing broker before relying on them.
Looking for space near Lemmon Valley Retail Plaza?
Tell Ian about your business and preferred location. He can help investigate current availability and compare nearby options; this project page is not a listing or a promise of available space.
- Start with your name and email. Add your concept or timing if you know it.
- Ian can help compare locations and investigate current space options.
- Brokerage relationships, availability and any fees will be discussed directly with you.
Ian Cochran, CCIM
Partner, LOGIC Commercial Real Estate
Brokerage services provided by LOGIC Commercial Real Estate, NV Lic# B.145434.LLC. LOGIC leases some of the properties tracked here; I will disclose any landlord relationship up front.
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