MEADOWDALE HIGH TRAFFIC RETAIL CENTER LOCATED IN GARDNERVILLE
1267 N HWY 395 - MEADOWDALE CENTER Presented by Scott Dutcher, NV BS.0144541 | PM.0166304
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High Desert Trading Post J K L M
US HWY 395
M EAD OWDA LE C E N T E R LAYO U T
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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