202 Main StYerington, NV 89447

For Sale
$1,149,000

High-Yield NNN Gas Station in Nevada

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A, single-tenant gas station and convenience store presents a compelling value-add investment opportunity. Located at 202 N Main St, Yerington, NV 89447, this property boasts 2,501 square feet on a 0.34-acre lot with 8 parking spaces. Built in 1988, the property features a 100% occupancy rate with a strong, long-term lease (over 6 years remaining) featuring a 2% annual rent increase. The Net Lease (NNN) structure ensures minimal landlord responsibilities. The current annual Net Operating Income (NOI) is $121,228.15, resulting in a 10.55% capitalization rate. The asking price is $1,149,000 ($459.42/sq ft). The property benefits from high visibility and easy access on Main Street, and is zoned for Commercial Multi-Use. The tenant, Jackson Food Stores, provides a strong guarantee. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location. The property's former use as a Texaco station adds to its established presence in the community.

Highlights

  • 2% annual rent escalations.
  • Six-plus years remaining on primary lease.
  • Triple-net (NNN) lease; no landlord responsibilities.
  • Strong credit tenant: Jackson Food Stores.
  • Former Texaco gas station site.
  • High-visibility owner-user opportunity with excellent main street access.

Property Details for 202 Main St

Property type
Other retail properties, Automotive properties
Square Feet
2,501 SF
Class
A
Year Built
1988
Buildings
1
Stories
1
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Yerington
County
Lyon
State
Nevada
Latitude
38.9906644
Longitude
-119.1628228
202 Main St, Yerington, Nevada

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202 Main St
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