Meadowdale Center

Page 1

MEADOWDALE HIGH TRAFFIC RETAIL CENTER LOCATED IN GARDNERVILLE

1267 N HWY 395 - MEADOWDALE CENTER Presented by Scott Dutcher, NV BS.0144541 | PM.0166304


I

H

G

F

E

D

C

B

High Desert Trading Post J K L M

US HWY 395

M EAD OWDA LE C E N T E R LAYO U T

A


1267 US HWY 395 N - ME ADOWDAL E C E NT ER A P N 1 220- 03-410- 003 O F F ER ED AT $5 ,25 0,0 0 0 Well maintained shopping center, right on US Hwy 395. Long term tenants include US Post Office and

D E TA I LS

Hamdogs Restaurant & Sports Bar. Secure storage

33, 932 Sq Ft

space available behind most units. Excellent

100% Tenant Occupancy

return on investment based on actual income and expense.

3.18 Acres

$155 Price/Sq Ft Built in 1978 $337,847 Net Operating Income 6.4% Cap Rate



RENT ROLL T EN A N T N AME

UNIT

UNIT SIZE

M ON T HLY R E N T

LE ASE E XP I R ATI O N

AJ Stoves

A

2,500

$1,885

2.28.2022

High Desert Trading Post

B

2,500

$1,030

mo-to-mo

Northwest Martial Arts

C&D

3,712

$3,768

11.30.2023

Rejuvenate Salon

E

1,200

$980

9.30.2023

Christina Rodriguez

F

1,200

$1,100

9.30.2021

Pet Ventures

G&H

3,862

$3,862

1.31.2023

Mike Gilbert

I&J

7,680

$3,200

1.31.2022

Hamdogs Restaurant

K&L

4,380

$6,600

2.28.2029

United States Post Office

M

7,125

$9,666

3.14.2024



INCOME AND EXPENSES OPERATING INCOME Rental Income

$384,132

Other Tenant Income

$7,000

Gross Operating Income

$391,132

OPERATING EXPENSES Real Estate Taxes

$21,240

Property Insurance $7,045 Repairs and Maintenance

$1,000

Utilities $13,000 Supplies $1,000 Parking Lot and Landscaping

$10,000

Total Operating Income

$53,285

Net Operating Income

$337,847

FINANCIAL SUMMARY Price $5,250,000 Price per Sq Ft

$154.72

Cap Rate

$6.4%

Vacancy Rate

$0.0%



PROPERTY HIGHLIGHTS 100% Occupied 6.45% Cap rate on actual NOI Major Tenants Include:

United States Post Office

Hamdogs Restaurant & Sports Bar

AJ Stoves

Northwest Martial Arts

High Desert Trading Post

Owner provides well maintained structure and exterior: roof, paint and parking lot Tenants maintain HVAC, plumbing, and interior lighting


1267 N HW Y 395 - MEADOWDALE CENTER Presented by Scott Dutcher 7 7 5 . 6 9 1 . 4 3 3 4 | NV BS.0144541 | PM.0166304


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