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30050070
30050071

880 Hanson St, Winnemucca, NV 89445

Cushman & Wakefield - Reno, Nevada
Listed by Cushman & Wakefield - Reno, Nevada
$6,845,000
64 days on market
Updated 64 days ago

Grocery Outlet | Winnemucca, NV

Details
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 20,000
Cap Rate 6.75%
NOI $462,000
Tenancy Single
Brand/Tenant Publix, Safeway (+1)
Lease Type NN+
Lease Term 15
Lease Expiration 01/30/2035
Remaining Term 9
Rent Bumps Yes
Price per SqFt $342
Broker Co-Op Yes
Year Built 2020
Acreage 2.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/15/2020
Ground Lease No

High-Traffic Infill Location | 10% Rent Increases

Marketing description

Long-term corporate net lease with four five-year option periods, providing ideal passive investment for an out-of-area buyer

10% rental increases every five years, providing a hedge against inflation

Grocery Outlet is the nation’s largest extreme value grocery retailer, with more than 520 locations and over $4 billion in annual revenue

Grocery Outlet plans to open 35 new stores in fiscal 2025

Excellent visibility and access to 12,600 vehicles per day on Hanson Street

Immediate access to Interstate 80, with more than 7,000 vehicles per day

Investment highlights

Immediate access to Winnemucca’s primary health care provider, Humboldt General Hospital (67 beds, 200+ employees, $88 million in annual total patient revenue)

Less than one mile from Model T. Casino, Winnemucca’s most-visited attraction

1.5 miles from Winnemucca’s only Walmart Supercenter

Minutes from five schools with a combined enrollment of 2,804 students

Listing Contacts

Cushman & Wakefield - Reno, Nevada
Listed by Cushman & Wakefield - Reno, Nevada

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$462,000.00
$38,500.00/mo

Valuation Metrics

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DSCR
6.75%
Cap Rate
6.75%
ROI

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