For Sale
$2,552,068

2025 2Nd St Casper, WY 82609

High-yield, 13-year NNN lease, 7% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 4,408 square foot medical office building, located at 2025 E 2nd St, Casper, WY 82609, presents a compelling investment opportunity. Built in 1972 and extensively renovated in 2022, the single-story building boasts a 13-year triple-net (NNN) lease with two five-year renewal options, ensuring long-term, passive income. The lease includes a favorable 2% annual rental increase, providing inflation protection and enhanced cash flow. Situated on a high-traffic corner (37,300+ vehicles per day), this property benefits from its proximity to Banner Wyoming Medical Center, the state's largest hospital, and numerous national retailers, including Albertsons, Hobby Lobby, Walmart, Sam's Club, and Eastridge Mall. The tenant, Community Care Partners (CCP), a reputable operator of over 90 urgent care and primary care clinics across seven states, provides a strong corporate guarantee. Casper's growing population and robust healthcare sector further solidify this investment's potential. The property's location within a dense residential area and its recent renovation contribute to its strong appeal. This is a rare opportunity to acquire a stable, high-performing asset in a tax-free state. The 7% cap rate and minimal landlord responsibilities make this an attractive addition to any portfolio. The building's strategic location in a thriving healthcare and education hub ensures consistent demand for medical services.

Highlights

  • $2,552,068 asking price for a 4,408 SF medical office building in Casper, WY.
  • 13-year NNN lease with two 5-year options; minimal landlord responsibilities.
  • 2% annual rental increases.
  • Less than one mile from Banner Wyoming Medical Center.
  • High-traffic location (4,408 SF) on a signalized corner (37,300+ VPD) near major retailers.
  • Corporate guarantee from Community Care Partners (CCP), operating 90+ clinics across 7 states.

Property Details for 2025 2Nd St

Property type
Office properties, Medical offices
Square Feet
4,408 SF
Year Built/Renovated
1972/2022
Buildings
1
Stories
1

Location Insight

City
Casper
County
Natrona
State
Wyoming
Latitude
42.8484515
Longitude
-106.2974154
2025 2Nd St, Casper, Wyoming

FAQs

What type of property is this?
Office property - High-yield, 13-year NNN lease, 7% cap rate.
Where is the office property located?
The property is located at 2025 2Nd St Casper, WY.
What is the asking price?
The asking price for this property is $2,552,068.
What are key features of this property?
This property features: $2,552,068 asking price for a 4,408 SF medical office building in Casper, WY.; 13-year NNN lease with two 5-year options; minimal landlord responsibilities.; 2% annual rental increases.
How can I contact the broker?
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2025 2Nd St
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