1410 Aultman StEly, NV 89301

Property Details for 1410 Aultman St

Year built

2014

Lot size

0.62 AC

Property size (Sq ft)

8,320 SF

Property type

Commercial real estate

APN

002-078-14

APU

207814

Description

This exceptional investment opportunity presents a 8,320 square foot Family Dollar store located at 1410 E Aultman St, Ely, NV 89301. Built in 2015 on a 0.63-acre lot, the property boasts a strong 7.75% cap rate and a substantial net operating income (NOI) of $108,001. The absolute triple net (NNN) lease, with a credit-rated, corporate-guaranteed tenant, ensures minimal landlord responsibilities. The lease commenced January 23, 2015, and expires September 28, 2029, with six, five-year renewal options. Rent increases are tied to the Consumer Price Index (CPI), capped at 6% every three years, offering inflation protection. The property benefits from high traffic counts exceeding 111,000 vehicles per day. The tenant, Family Dollar, a subsidiary of Dollar Tree, is an investment-grade credit tenant with an S&P rating of BBB, demonstrating financial strength and stability. This is a rare opportunity to acquire a well-performing, low-risk retail investment in a tax-free state. The asking price is $1,393,561. The property is currently 100% occupied.

• Alternative Use

  Use

  Valuation

  Residential

  $2,431,417

  Hospitality

  $2,227,165

  Educational

  $1,852,975

  Medical

  $1,916,702

  Retail

  $2,882,406

Location Insight

City

Ely

County

White Pine

State

Nevada

Latitude

39.2573

Longitude

-114.861

Property Tax & Assessments

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