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Miscellaneous

LoanMax

1936 N Carson St, Carson City, NV 89701

Listing Price: $1,271,000

Cap Rate
6.00%
Tenant Name
LoanMax
Years Remaining On Lease
1.9
Gross SF
4,858
Guarantor
Corporate Guarantee
Rentable SF
4,858
Price/Gross SF
$261.63
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.70

Investment Overview

The subject property, 1936 North Carson Street, is a 4,858 square foot commercial building situated on 0.52 acre(s) of land in Carson City, Nevada. The property is currently 100-percent occupied by LoanMax, who has operated at this location since 2008. The existing building was constructed in 1970, and was successfully operated as a restaurant for decades. In 2008, the property was leased to LoanMax, who continues to occupy the space. The Tenant currently pays $76,292 in annual rent, and has three ?ve-year options. There are scheduled 1.5-percent annual increases throughout the initial term, and 2.5-percent annual increases in all option periods. Carson City is Nevada's state capital. It is conveniently located 30 miles south of Downtown Reno, and just 16 miles east of Lake Tahoe. The entire Northern Nevada Region, including Carson City, has seen tremendous growth in recent years due to an in?ux of companies seeking the business-friendly tax climate and laws. The addition of companies with an international presence in Technology, Manufacturing, Distribution, Medical, and more has given Northern Nevada a robust, diversi?ed economy. The subject property is supported by nearly 20,000 households within a three-mile radius, along with a signi?cant daytime population. Surrounding retailers include a strong mix of national and local tenants, such as CVS, McDonalds, O'Reilly Auto Parts, Denny's, KFC, Wendy's, Jimmy Johns, C-A-L Ranch stores, and many more. Priced at $1,271,000, this property offers a new owner a 6.0-percent cap rate with attractive annual increases to hedge against in?ation.

Investment Highlights

  • Frontage Along N. Carson Street - A Main Thoroughfare which sees 17,600 CPD (NDOT 2019)
  • Recession-Resistant Tenant
  • Less than Two Miles from Highway 395
  • Close Proximity to the Carson Tahoe Regional Medical Center
  • Large 0.52-Acre Lot with Ample

Exclusively Listed By

Listing Price: $1,271,000

Cap Rate
6.00%
Tenant Name
LoanMax
Years Remaining On Lease
1.9
Gross SF
4,858
Guarantor
Corporate Guarantee
Rentable SF
4,858
Price/Gross SF
$261.63
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.70

Investment Highlights

  • Frontage Along N. Carson Street - A Main Thoroughfare which sees 17,600 CPD (NDOT 2019)
  • Recession-Resistant Tenant
  • Less than Two Miles from Highway 395
  • Close Proximity to the Carson Tahoe Regional Medical Center
  • Large 0.52-Acre Lot with Ample

Investment Overview

The subject property, 1936 North Carson Street, is a 4,858 square foot commercial building situated on 0.52 acre(s) of land in Carson City, Nevada. The property is currently 100-percent occupied by LoanMax, who has operated at this location since 2008. The existing building was constructed in 1970, and was successfully operated as a restaurant for decades. In 2008, the property was leased to LoanMax, who continues to occupy the space. The Tenant currently pays $76,292 in annual rent, and has three ?ve-year options. There are scheduled 1.5-percent annual increases throughout the initial term, and 2.5-percent annual increases in all option periods. Carson City is Nevada's state capital. It is conveniently located 30 miles south of Downtown Reno, and just 16 miles east of Lake Tahoe. The entire Northern Nevada Region, including Carson City, has seen tremendous growth in recent years due to an in?ux of companies seeking the business-friendly tax climate and laws. The addition of companies with an international presence in Technology, Manufacturing, Distribution, Medical, and more has given Northern Nevada a robust, diversi?ed economy. The subject property is supported by nearly 20,000 households within a three-mile radius, along with a signi?cant daytime population. Surrounding retailers include a strong mix of national and local tenants, such as CVS, McDonalds, O'Reilly Auto Parts, Denny's, KFC, Wendy's, Jimmy Johns, C-A-L Ranch stores, and many more. Priced at $1,271,000, this property offers a new owner a 6.0-percent cap rate with attractive annual increases to hedge against in?ation.

Exclusively Listed By

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