Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
ZC · Elko, NVZoning
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