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965 Dartmouth Ave
Lovelock, NV 89419
Safeway · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease - True Passive Investment
- National Grocery Store Investment - Priced at $950,000 & Exclusive in Trade Area
- Built-in Income Growth - 5% Rent Increases at Options
- Below-Market Rent - $2.52 PSF with Future Value-Add Potential
- Exceptional Tenant Stability - 60+ Years at This Location
- Albertsons Added EV Charging Stations in 2023
EXECUTIVE SUMMARY
We are Pleased to Exclusively Offer For Sale the single tenant Safeway Investment Property Located at 965 Dartmouth Ave, Lovelock, NV. Safeway has operated at this location for over 60 years and recently exercised a five-year option period in 2025 (4.5 Year Current Lease Term) demonstrating the tenant's confidence in the location. The Safeway Lease features an Absolute NNN
structure providing a new investor zero landlord obligations. There are 5% rental increases at each option period providing income growth throughout the remaining term of the lease. Offered at $950,000, this investment offers the rare opportunity to purchase a Safeway Grocery Store (subsidiary of Albertsons) with a long-term operating history at $60 PSF.
structure providing a new investor zero landlord obligations. There are 5% rental increases at each option period providing income growth throughout the remaining term of the lease. Offered at $950,000, this investment offers the rare opportunity to purchase a Safeway Grocery Store (subsidiary of Albertsons) with a long-term operating history at $60 PSF.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,742 SF
Building Class
B
Year Built
1965
Price
$1,315,275 CAD
Price Per SF
$83.55 CAD
Cap Rate
4.18%
NOI
$54,951 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.89 AC
Zoning
C1
AMENITIES
- Car Charging Station
PROPERTY TAXES
| Parcel Number | 001-094-01 | Improvements Assessment | $274,263 CAD |
| Land Assessment | $28,180 CAD | Total Assessment | $302,443 CAD |
PROPERTY TAXES
Parcel Number
001-094-01
Land Assessment
$28,180 CAD
Improvements Assessment
$274,263 CAD
Total Assessment
$302,443 CAD
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