104 Hart StBuffalo, WY 82834

  • Retail properties
  • 3,701 SF
For Sale
$938,092 View listing

Property Details for 104 Hart St

Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.69 AC
Property size (Sq ft)
3,701 SF
Property type
Retail properties
Property subtype
Turn key restaurants
APN
R0003173
APU
R0003173

Description

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.

104 Hart St, Buffalo, Wyoming

Location Insight

City
Buffalo
County
Johnson
State
Wyoming
Latitude
44.3546
Longitude
-106.694

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$6,920
$12,179
$79,848
$92,027
-
$128,199
$840,504
$968,703

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