2456 Mountain City HwyElko, NV 89801

Property Details for 2456 Mountain City Hwy

Year built

2020

Construction

METAL FRAME

Lot size

0.43 AC

Property size (Sq ft)

2,180 SF

Zone code

ZC

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $577,954

  6.5%

  $533,496

  7%

  $495,389

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,257,980

  Geo Method

  $1,257,980

• Alternative Use

  Use

  Valuation

  Residential

  $450,024

  Hospitality

  $412,219

  Educational

  $342,962

  Medical

  $354,756

  Retail

  $533,496

Location Insight

City

Elko

County

Elko

State

Nevada

Latitude

40.8372

Longitude

-115.789

CBSA code

21220

CBSA name

ELKO, NV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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