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202 N Main St

Net Lease Investment

Listing Contacts

Active

Asking Price: $849,950
Address 

202 N Main St, Yerington, NV 89447

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Date Added
Nov 19, 2018
Days on Market
2312 days
Time Since Last Update
55 days

Details

Property TypeRetail
SubtypeGas Station
Investment TypeValue Add
ClassA
Lease TypeNNN
TenancySingle
Square Footage2,501
Price/Sq Ft$339.84
Cap Rate14.26%
Occupancy100%
NOI$121,228.15
Year Built1988
Buildings1
Stories1
ZoningCommercial Multi-Use
Lot Size (acres)0.34
Parking (spaces)8
Rent Bumps2%

Marketing Description

Daniel Gluhaich of Colliers International is proud to present, 202 N.​ Main Street Yerington, NV a single tenant NNN Gas Station Convenience store with strong guarantee from Jackson Food Stores.​ The building is comprised of 2,501 rentable square feet and is built on a 14,372 square foot lot.​

Investment Highlights

  • ​2% Annual Increase Every Year
  • ​Over 6 years remaining on primary lease term
  • ​NNN with Zero Landlord Obligation
  • ​Strong Guarantee From Jackson Food Stores
  • ​Former Texaco (Dark)
  • ​Owner User - High Visibility with Easy Access on Main Street

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,228.15
$10,102.35/mo

Valuation Metrics

0
DSCR
14.26%
Cap Rate
14.26%
ROI
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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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