Investment Highlights

LONG-TERM NET LEASE WITH CORPORATE GUARANTY
» Long-term, 15-year corporate net lease with four five-year option periods, providing ideal passive investment for an out-of-area buyer
» 10% rental increases every five years, providing a hedge against inflation
» Grocery Outlet is the nation’s largest extreme value grocery retailer, with more than 320 locations and over $2.29 billion in annual revenue
» Grocery Outlet is continuing its expansion nationally, with 35+ new stores planned for 2020

HIGH-TRAFFIC INFILL LOCATION IN DOWNTOWN WINNEMUCCA
» Excellent visibility and access to 12,600 vehicles per day on Hanson Street
» Immediate access to Interstate 80, with more than 7,000 vehicles per day
» Within 1.5 miles of 19 hotels, adding traffic near the site

CENTRAL LOCATION NEAR COMMUNITY AMENITIES AND TOURIST ATTRACTIONS
» Immediate access to Winnemucca’s primary health care provider, Humboldt General Hospital (67 beds, 200+ employees, $88 million in annual total patient revenue)
» Less than one mile from Model T. Casino, Winnemucca’s most-visited attraction
» 1.5 miles from Winnemucca’s only Walmart Supercenter
» Minutes from five schools with a combined enrollment of 2,804 students

NEW 2020 CONSTRUCTION
» High-quality construction in an income tax free state, completed in 2020
» Features latest Grocery Outlet store design and concepts

Property Description

SOLD

The property is strategically located on Hanson Street, with excellent visibility and access to 12,600 vehicles per day directly in front of the location. The site also has immediate access to Interstate 80, a major east-west thoroughfare connecting California and New Jersey. Located in Winnemucca’s primary tourist and residential hub, the property is within 1.5 miles of 19 hotels, including Best Western Plus Gold Country Inn, Quality Inn Winnemucca, and Days Inn by Wyndham Winnemucca.

Centrally located in Winnemucca, the property is close to important community amenities and popular recreational areas. The site resides less than one mile from Model T. Casino, Winnemucca’s most-visited attraction. Visibility is increased by the property’s immediate access to Winnemucca’s primary health care provider, Humboldt General Hospital, which features 67 beds, 200+ employees, and generates $88 million in annual total patient revenue. The location is 1.5 miles from Winnemucca’s only Walmart Supercenter and is surrounded by a healthy mix of local and national retailers, including Domino’s Pizza, Dairy Queen, Burger King, Papa Murphy’s, McDonald’s, Jack in the Box, and many more. Additionally, the property is minutes from Albert M. Lowry High School (968 students), Sonoma Heights Elementary School (536 students), Winnemucca Junior High School (485 students), French Ford Middle School (471 students), and Winnemucca Grammar School (344 students).