880 Hanson St - Freestanding FOR SALE


Winnemucca, NV 89445
$6,845,000 USD
775-851-9500
880 Hanson St, Winnemucca, NV for Sale
$6,845,000 USD
Freestanding - FOR SALE
1/6
null | 6.75% Cap Rate

880 Hanson St
Winnemucca, NV 89445


HIGHLIGHTS

  • 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

OVERVIEW

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

FOR SALE DETAILS

PRICE

$6,845,000 USD

PRICE/SF

$337 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grocery Outlet

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.05 AC

LAND SF

89,298 SF

ZONING

G-C;GENERA

APN/PARCEL ID

16-0251-37

ASK ABOUT THIS PROPERTY

Mike MaloneyCushman & WakefieldMore Info
775-851-9500

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Mike MaloneyCushman & WakefieldMore Info
775-851-9500

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