For Sale
$938,092

104 Hart StBuffalo, WY 82834

Wyoming QSR, Absolute NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a Hardee's restaurant in Buffalo, Wyoming, an income tax-free state. The property boasts a 3,701 square foot building situated on a 0.69-acre lot, operating under an absolute NNN lease with over 7 years (until December 31, 2031) remaining, eliminating all landlord responsibilities. The lease includes a 10% rent increase every five years, ensuring consistent income growth. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $60,976, representing a compelling 6.50% capitalization rate. The asking price is $938,092, translating to $253.47 per square foot. This prime location is less than half a mile from Interstate 25, experiencing over 9,000 vehicles daily, and is surrounded by strong complementary businesses including Ace Hardware, Family Dollar, and several hotels. Proximity to local attractions like the Jim Gatchell Memorial Museum and Buffalo Golf Course further enhances its appeal. This is a rare opportunity to acquire a well-established, low-maintenance, high-performing QSR investment in a desirable location. The property's strong tenant, favorable lease terms, and strategic location make it an attractive addition to any investment portfolio.

Highlights

  • Wyoming offers significant tax advantages with no state income tax.
  • This is a small, easily managed investment opportunity.
  • Absolute NNN lease; no landlord responsibilities.
  • 80-unit franchise location.
  • High-traffic location, less than half a mile from I-25 (9,000+ vehicles daily).
  • Strong co-tenancy with national brands including Ace Hardware, Family Dollar, and O'Reilly Auto Parts, plus multiple hotels.

Property Details for 104 Hart St

Property type
Retail properties, Restaurants
Square Feet
3,701 SF
Lot Size (sq. ft)
30,056 SF
Units
1977

Location Insight

City
Buffalo
County
Johnson
State
Wyoming
Latitude
44.3544755
Longitude
-106.6942628
104 Hart St, Buffalo, Wyoming

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104 Hart St
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