Old Clear Creek Ave - Fast Food FOR SALE


Carson City, NV 89705
$4,720,000 USD
775-851-9500
Old Clear Creek Ave, Carson City, NV for Sale
$4,720,000 USD
Fast Food - FOR SALE
1/6
null | 6.25% Cap Rate

Old Clear Creek Ave
Carson City, NV 89705


HIGHLIGHTS

  • New 20-year absolute NNN lease
  • Personal guarantee with ~$70M net worth (stronger guarantee than many corporate tenants)
  • Guthrie’s opened its first restaurant in Auburn, AL in 1965 and considers itself to be “pioneers of the fried chicken finger-only restaurants”
  • Developer/Seller has signed a 100+ unit area development agreement in ID, NV, AZ, NM, & CO which will create further country-wide brand equity
  • New high-quality 2024 construction built to latest Guthrie’s prototype
  • Site features a drive-thru for added customer convenience

OVERVIEW

High-visibility and easily accessible location just off the signalized intersection of Old Clear Creek Road & U.S. Route 395, combining for 53,200 vehicles per day. Located near U.S. Route 50, which experiences 24,100 vehicles per day. Surrounded by major community traffic drivers, including Costco, Walmart Supercenter, Trader Joe’s, Target, The Home Depot, Chili’s, and many more. Positioned 13 miles from Lake Tahoe, which experiences 15 million annual visitors. Strong average annual household incomes of $95,562 within a three-mile radius of the site. 55,336 residents living within a five-mile radius of the site, establishing a strong and growing customer base for the site. The area immediately surrounding the property (one mile radius) has experienced a 64% growth in population since 2010, with a further 3% increase expected by 2029. Projected AAHI and population increases with 1, 3 and 5-mile radii over the next five years poise Guthrie’s and Carson City for steady concurrent growth.

FOR SALE DETAILS

PRICE

$4,720,000 USD

PRICE/SF

$2,208 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Guthrie’s

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

-

APN/PARCEL ID

-

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 Policy.