600 Whalen StGuernsey, WY 82214

Property Details for 600 Whalen St

Year built

2023

Lot size

1.10 AC

Property size (Sq ft)

10,566 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 10,566 square foot Dollar General store located at 600 W Whalen St, Guernsey, WY 82214. The property sits on a 1.1-acre lot and boasts a strong 6.35% cap rate, generating a net operating income (NOI) of $118,917. Built in 2023, this single-tenant, absolute NNN lease offers a corporate guarantee from Dollar General (NYSE: DG), providing significant financial security. The lease, commencing August 30, 2023, and expiring August 31, 2038, includes built-in rent bumps every five years, ensuring consistent income growth. The property benefits from high visibility on US Route 26, experiencing 4,932 AADT, and is situated in an affluent area with an average annual household income of $93,336 within a one-mile radius, projected to increase by 13% by 2028. Its proximity to Camp Guernsey Joint Training Center and Guernsey State Park further enhances its appeal. The tenant is responsible for all property taxes, insurance, and maintenance, making this an ideal passive investment opportunity. This property is offered at $1,873,000 and is suitable for a 1031 exchange.

Location Insight

City

Guernsey

County

Platte

State

Wyoming

Latitude

42.2692

Longitude

-104.75

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