202 Main StYerington, NV 89447

Property Details for 202 Main St

Year built

1988

Lot size

0.34 AC

Property size (Sq ft)

2,501 SF

Zone code

C1

Property type

Commercial real estate

APN

001-095-10

APU

109510

Description

This exceptional Class A, single-tenant gas station and convenience store presents a compelling value-add investment opportunity. Located at 202 N Main St, Yerington, NV 89447, this property boasts 2,501 square feet on a 0.34-acre lot with 8 parking spaces. Built in 1988, the property features a 100% occupancy rate with a strong, long-term lease (over 6 years remaining) featuring a 2% annual rent increase. The Net Lease (NNN) structure ensures minimal landlord responsibilities. The current annual Net Operating Income (NOI) is $121,228.15, resulting in a 10.55% capitalization rate. The asking price is $1,149,000 ($459.42/sq ft). The property benefits from high visibility and easy access on Main Street, and is zoned for Commercial Multi-Use. The tenant, Jackson Food Stores, provides a strong guarantee. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location. The property's former use as a Texaco station adds to its established presence in the community.

• Alternative Use

  Use

  Valuation

  Residential

  $571,271

  Hospitality

  $523,281

  Educational

  $435,364

  Medical

  $450,337

  Retail

  $677,233

Location Insight

City

Yerington

County

Lyon

State

Nevada

Latitude

38.9906

Longitude

-119.163

CBSA code

22280

CBSA name

FERGUS FALLS, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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