Remarks

Located on a high visibility corner at intersection of Hwy 180E and Hwy 356 this commercial building currently functions as a medical clinic supporting Bayard and surrounding mining district communities. The building was remodeled in 2011 from a bank building to medical offices and clinic spaces. There are more than 30 paved parking spaces including ADA designated spaces. A 23 KW photovoltaic inter-tie grid solar system was installed in 2017. Triple net lease expires in 12/31/2033. Tenant pays taxes, insurance, utilities and non-structural repairs. Annual rent income for 2024 (NOI) is $51,804. Rent escalation clause is 2.5%. Future annual rent projection for 2033 is $64,696.

Details

MLS#: 40508
Price: $690,720

Style: Commercial
Sq Ft: 3991
Year Built: 1960

County: Grant
Subdivision: Triangle
Lot Size: 248 feet X 274 feet
Tax Fee: 1521.5999999999999