855 E Main St - Convenience Store FOR SALE


Fernley, NV 89408
$4,207,500 USD
513-300-0763
855 E Main St, Fernley, NV for Sale
$4,207,500 USD
Convenience Store - FOR SALE
1/2
null | 5.4% Cap Rate

855 E Main St
Fernley, NV 89408


HIGHLIGHTS

  • Positioned within the Reno MSA » Qualifies for 100% bonus depreciation – Consult with your tax advisor
  • Investment grade tenant – S&P: A » Long term lease – over 10 years remaining
  • 24-hour location » 10% rental escalations throughout the primary term
  • » NNN – no landlord responsibilities » Located along East Main Street (13,200 VPD) and near Interstate 80 (21,600 VPD)
  • Proximity to several national retailers: Lowe’s, Tractor Supply Company, Walgreens, Starbucks, Grocery Outlet, McDonald’s, Wells Fargo, and several
  • Minutes from a large industrial corridor: Sherwin-Williams, Trex, CNH Parts, Polaris Industries, Clean Earth, & MSC Industrial

OVERVIEW

Bang Realty – Nevada, Inc is pleased to exclusively market for sale a single tenant net leased 7-Eleven property located in Fernley, Nevada, within the Reno MSA. The store operates 24/7 and is corporately leased through January 2036. The subject lease is absolute triple net presenting no landlord responsibilities. The lease includes 10% rent increases every five years during the initial term and 7.5% increases during the first three renewal options. As a fuel station asset, the property may be eligible for 100% bonus depreciation; prospective buyers should consult their tax advisors for confirmation. The 2,400-square-foot property is located along East Main Street, a primary thoroughfare through Fernley. The asset benefits from its proximity to Commerce Way (29,100 vehicles per day) and Interstate 80 (21,600 vehicles per day), which connects Reno to Salt Lake City. There are over 25,000 people living within a five-mile radius, those of which earn an average household income exceeding $98,000. The corridor attracts steady traffic due to nearby national retailers, including Lowe’s, Tractor Supply Company, Walgreens, Starbucks, Grocery Outlet, McDonald’s, Wells Fargo, and others. Fernley’s industrial corridor, featuring businesses like Sherwin-Williams, Trex, CNH Parts, Polaris Industries, Clean Earth, and MSC Industrial, further drives daytime traffic to the area. 7-Eleven, Inc. is a global leader in convenience retailing, operating as one of the world’s largest and most recognizable convenience store chains. Founded in 1927 in Dallas, Texas, as an ice company that began selling milk, eggs, and bread, the company evolved into the iconic 7-Eleven brand, named for its extended hours of operation from 7 a.m. to 11 p.m. Today, 7-Eleven operates, franchises, and licenses over 84,000 stores across 19 countries, with a strong presence in the United States, Japan, Thailand, and beyond. Headquartered in Irving, Texas, and owned by Seven & i Holdings Co., Ltd., based in Tokyo, the company is renowned for its innovative approach to convenience, introducing The first self-serve soda fountains, to-go coffee, and the globally famous Slurpee drink.

FOR SALE DETAILS

PRICE

$4,207,500 USD

PRICE/SF

$1,259 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C1

APN/PARCEL ID

020-222-01

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.