Investment Overview

Marcus & Millichap is pleased to present for sale 1 E Highway 95A in Yerington, Nevada. The subject property consists of a 2,800 square-foot building situated on a 1.40 acre lot in Yerington, Nevada. The property is located along Highway 95 immediately adjacent to the Yerington Municipal airport and a number of other major retailers and county buildings. The subject property is high quality concrete block construction, with a metal roof. The building enjoys a combination of front office space, along with attached warehouse area that has two roll up doors. The large 1.40 acre lot has excellent ingress and egress from Highway 95A, and provides ample room for vehicle and equipment storage. The site is currently 100 percent occupied by the Walker Basin Conservancy, who is a non-profit organization dedicated to restoring Walker Lake through the purchase of water rights in the region, restoring native habitat, and community involvement. They have two offices; one in Yerington, NV, and in Reno, NV. They have occupied this location since 2019, and the initial term expires September, 2024. They currently use this site as an office, indoor and outdoor equipment storage, and have greenhouses on site. Yerington, Nevada is centrally located in Lyon County, and is the county seat. Located at the intersection of US 95A and Nevada State Route 208, Yerington is roughly 70 miles southeast of Reno. The fourth largest known copper deposit in North America sits just outside of Yerington, and companies such as "Nevada Copper" are ramping up production to access this resource. Agriculture also fuels the local economy, with many other ancillary businesses supporting the residents. The subject property is centrally located in the area’s primary retail corridor along the busiest section of road in Yerington. Raley’s, McDonalds, Round Table Pizza, H&R Block, Maverik, O’Reilly Auto Parts, and other national retailers can all be found within one mile of the subject property. Priced at $475,000 and a 6.36% CAP rate, this property offers a purchaser an excellent investment property with great fundamentals. In addition, current ownership is willing to extend seller financing to a qualified buyer. Please contact agent for details.