Property profile

2456 Mtn City Hwy Elko, NV 89801

OFF-MARKET
Drive through restaurants
Property ID
US62-0932315
2,180 SF 0.43 ac lot Built 2020
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2020
Construction METAL FRAME
Total area 2,180 SF
Lot 0.43 ac (18,600 SF)
Zoning code ZC
APN 001-660-140
UPID US62-0932315

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

2456 Mtn City Hwy Elko, NV 89801-2409
Elko metro Census 950701 ELKO, NV MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2025
Last sale
$3.0M
4 recorded transactions
2025
$3.0M
2024
Price N/A
2020
Price N/A
2019
Price N/A

Zoning & alternative use

ZC · Elko, NV

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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