2456 Mtn City Hwy Elko, NV 89801-2409

Property Details for 2456 Mtn City Hwy

Year built

2020

Construction

METAL FRAME

Lot size

0.43 lot acres

Property size

2,180 SF

Zone code

ZC

Property type

Drive through restaurants

APN

001-660-140

APU

1660140

Description

This exceptional investment opportunity presents a 2,180-square-foot Wendy's restaurant located at 2456 Mountain City Hwy, Elko, NV 89801. Built in 2020, this Class A property boasts a prime location on a prominent commercial corridor with high visibility and traffic counts, situated alongside established businesses such as McDonald's, Starbucks, and Pizza Hut. The property features a drive-thru and sits on a 0.427-acre lot, zoned C. The single-tenant building is leased under an absolute NNN lease to a strong credit franchisee with 37 years of experience, operating four Wendy's locations. The 20-year lease includes four five-year options and features a 10% rent increase every five years. The asking price is $3,130,921, representing a 5.75% cap rate and a NOI of $180,028. The price per square foot is $1,436.20. This is a rare opportunity to acquire a well-established, high-performing Wendy's franchise in a thriving market. The property's strong tenant, favorable lease terms, and prime location make it an ideal investment for discerning buyers seeking stable, long-term returns. The APN is 001660140.