Chevron for Sale in Reno, NV
Reno, NV
Key Investment Metrics
Price
$999,950
Cap Rate
25.0%
Net Operating Income
$250,000
Building Size
4158 SF
Land Area
10.88 Acres
Remaining Term
25.4 years
Lease Expiration
06/01/2051
Lease Term
25 years
Lease Commencement
06/01/2026
Lease Type
Gross
Tenant Credit
No Credit Rating
Year Built
1993
Occupancy
100%
Tenancy
Single
Rent Increases
No
Property overview
Chevron in Reno
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 4,158 SF
- Land area
- 10.88 acres
- Year built
- 1993
- Lease type
- Gross
- Lease expiration
- 06/01/2051
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.