Chevron - Net Lease Property for Sale
Reno, NV
Key Investment Metrics
Price
$999,950
Cap Rate
25.0%
Net Operating Income
$250,000
Building Size
4158 SF
Lot Size
4,158 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
About This Chevron Net Lease Property
This Chevron NNN (triple net lease) property is located in Reno, NV and represents an excellent investment opportunity for commercial real estate investors. The property features 4158 square feet of building space and was built in 1993.
With a cap rate of 25.0%, this Chevron net lease property offers stable income potential. The asking price is $999,950, making it an attractive option for 1031 exchange investors seeking quality Chevron commercial properties.
Why Invest in Chevron NNN Properties?
- Stable Income: Chevron net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Chevron is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Reno, NV Market Overview
Located in Reno, NV, this Chevron property benefits from strong local demographics and market fundamentals. The Reno area offers excellent visibility and accessibility, making it an ideal location for Chevron operations and a solid investment for net lease property buyers.