Long term corporate guaranteed net lease featuring 10 percent rental increases every five years, providing stable income growth. The tenant, Grocery Outlet (NASDAQ: GO), is the nation’s largest extreme value grocery retailer with more than 520 locations and over $4 billion in annual revenue.
The property benefits from a high traffic infill location in downtown Winnemucca with strong visibility and access along Hanson Street, which sees approximately 12,600 vehicles per day. The site also offers immediate access to Interstate 80, the primary corridor connecting Winnemucca to Reno.
The location sits near key community amenities and tourism drivers, including Humboldt General Hospital, the area’s primary health care provider with 67 beds, more than 200 employees, and roughly $88 million in annual patient revenue. It is also less than one mile from Model T Casino, Winnemucca’s most visited attraction.
Additional demand drivers include five nearby schools with a combined enrollment of 2,804 students. The asset was constructed in 2020 and is located in Nevada, an income tax free state