121 Washington StAfton, WY 83110

Property Details for 121 Washington St

Year built

2006

Lot size

2.16 AC

Property size (Sq ft)

1,860 SF

Property type

Auto shops

APN

32183020000500

APU

32183020000500

Description

This exceptional investment opportunity presents a newly constructed (2024) 12,697 square foot Dollar General store located at 121 S Washington St, Afton, Wyoming 83110. The property sits on a 1.75-acre lot and boasts a 15-year absolute NNN lease commencing August 2, 2024, and expiring August 31, 2039. The lease includes rent bumps, providing consistent income growth. The tenant, Dollar General Corporation, a credit-rated national retailer with over 19,000 locations and over $37 billion in 2023 revenue, provides a strong corporate guarantee, minimizing landlord responsibilities. The property offers a substantial net operating income (NOI) of $169,919, resulting in a 6.25% cap rate and an asking price of $2,719,000. This strategically located retail property benefits from high visibility on Highway 89, Afton's main thoroughfare, and proximity to key amenities, residential areas, and significant tourist attractions, including Grand Teton National Park (3,000,000 annual visitors), Yellowstone National Park (90 minutes away), and Bridger-Teton National Forest. The property's location near Star Valley High School also ensures consistent foot traffic. This presents an ideal investment for passive investors seeking a secure, high-return asset with minimal management requirements. The property is suitable for a 1031 exchange.

• CAP approach

  CAP return

  Valuation

  6%

  $573,038

  6.5%

  $528,958

  7%

  $491,175

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,108,231

  Geo Method

  $387,256

• Alternative Use

  Use

  Valuation

  Residential

  $446,196

  Hospitality

  $408,713

  Educational

  $340,044

  Medical

  $351,739

  Retail

  $528,958

Location Insight

City

Afton

County

Lincoln

State

Wyoming

Latitude

42.7335

Longitude

-110.932

Property Tax & Assessments

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