855 E Main St 2,400 SF Retail Building Fernley, NV 89408 $5,870,304 CAD ($2,445.96 CAD/SF) 5.40% Cap Rate

Bang Realty – Nevada, Inc is pleased to exclusively market for sale a single tenant net leased 7-Eleven property located in Fernley, Nevada,
within the Reno MSA. The store operates 24/7 and is corporately leased through January 2036. The subject lease is absolute triple net
presenting no landlord responsibilities. The lease includes 10% rent increases every five years during the initial term and 7.5% increases
during the first three renewal options. As a fuel station asset, the property may be eligible for 100% bonus depreciation; prospective buyers
should consult their tax advisors for confirmation.
The 2,400-square-foot property is located along East Main Street, a primary thoroughfare through Fernley. The asset benefits from its proximity
to Commerce Way (29,100 vehicles per day) and Interstate 80 (21,600 vehicles per day), which connects Reno to Salt Lake City. There are over
25,000 people living within a five-mile radius, those of which earn an average household income exceeding $98,000. The corridor attracts
steady traffic due to nearby national retailers, including Lowe’s, Tractor Supply Company, Walgreens, Starbucks, Grocery Outlet, McDonald’s,
Wells Fargo, and others. Fernley’s industrial corridor, featuring businesses like Sherwin-Williams, Trex, CNH Parts, Polaris Industries, Clean
Earth, and MSC Industrial, further drives daytime traffic to the area.
7-Eleven, Inc. is a global leader in convenience retailing, operating as one of the world’s largest and most recognizable convenience store
chains. Founded in 1927 in Dallas, Texas, as an ice company that began selling milk, eggs, and bread, the company evolved into the iconic
7-Eleven brand, named for its extended hours of operation from 7 a.m. to 11 p.m. Today, 7-Eleven operates, franchises, and licenses over
84,000 stores across 19 countries, with a strong presence in the United States, Japan, Thailand, and beyond. Headquartered in Irving, Texas,
and owned by Seven & i Holdings Co., Ltd., based in Tokyo, the company is renowned for its innovative approach to convenience, introducing
The first self-serve soda fountains, to-go coffee, and the globally famous Slurpee drink.