1300 Poplar StCasper, WY 82601

For Sale
$1,618,000
High-yield Pizza Hut investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 1300 S Poplar St, Casper, WY 82601. The property boasts 1,550 square feet on a 0.72-acre lot, built in 1996 and currently operating at 100% occupancy. The franchisee tenant enjoys excellent visibility and access from a signalized, hard corner intersection, further enhanced by its proximity to other national credit tenants. The lease features a remaining term of 15 years with attractive 1.50% annual rent bumps, ensuring consistent income growth. The current asking price is $1,618,000, representing a price per square foot of $1,043.87 and a compelling 6.50% cap rate. The property generates a strong net operating income (NOI) of $105,162. This is a rare opportunity to acquire a well-established, passively managed investment in a desirable location within Natrona County, Wyoming. The property consists of a single, one-story building, offering a straightforward and low-maintenance investment. This is an ideal addition to any diversified real estate portfolio seeking stable, long-term returns.

Highlights

  • High visibility and excellent accessibility.
  • Strong co-tenancy with national credit tenants.
  • Located on a signalized, hard corner intersection.

Property Details for 1300 Poplar St

Property type
Retail properties, Restaurants
Square Feet
1,550 SF
Year Built
1996
Buildings
1
Stories
1
Lot Size (sq. ft)
31,363 SF

Location Insight

City
Casper
County
Natrona
State
Wyoming
Latitude
42.8371323
Longitude
-106.3374464
1300 Poplar St, Casper, Wyoming

FAQs

What type of property is this?
Retail property - High-yield Pizza Hut investment opportunity.
Where is the retail property located?
The property is located at 1300 Poplar St Casper, WY.
What is the asking price?
The asking price for this property is $1,618,000.
What are key features of this property?
This property features: High visibility and excellent accessibility.; Strong co-tenancy with national credit tenants.; Located on a signalized, hard corner intersection.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1300 Poplar St
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