Old Clear Creek Ave | Carson City, NV 89705
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Old Clear Creek Ave
Carson City, NV 89705
Guthrie’s · Retail Property For Sale
Investment Highlights
- New 20-year absolute NNN ground lease
- Guthrie’s opened its first restaurant in Auburn, AL in 1965 and considers itself to be “pioneers of the fried chicken finger-only restaurants”
- New high-quality 2024 construction built to latest Guthrie’s prototype
- Personal guarantee with ~$70M net worth (stronger guarantee than many corporate tenants)
- Developer/Seller has signed a 100+ unit area development agreement in ID, NV, AZ, NM, & CO which will create further country-wide brand equity
- Site features a drive-thru for added customer convenience
Executive Summary
High-visibility and easily accessible location just off the signalized intersection of Old Clear Creek Road & U.S. Route 395, combining for 53,200 vehicles per day. Located near U.S. Route 50, which experiences 24,100 vehicles per day. Surrounded by major community traffic drivers, including Costco, Walmart Supercenter, Trader Joe’s, Target, The Home Depot, Chili’s, and many more. Positioned 13 miles from Lake Tahoe, which experiences 15 million annual visitors. Strong average annual household incomes of $95,562 within a three-mile radius of the site. 55,336 residents living within a five-mile radius of the site, establishing a strong and growing customer base for the site. The area immediately surrounding the property (one mile radius) has experienced a 64% growth in population since 2010, with a further 3% increase expected by 2029. Projected AAHI and population increases with 1, 3 and 5-mile radii over the next five years poise Guthrie’s and Carson City for steady concurrent growth.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,138 SF
Building Class
B
Year Built
2024
Price
$3,762,000
Price Per SF
$1,760
Cap Rate
5.25%
NOI
$197,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.89 AC
Parking
25 Spaces (11.69 Spaces per 1,000 SF Leased)
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