Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2126 Douglas Hwy Gillette, WY 82718

    Sponsored
    For Sale
    $876,000

    High-yield QSR & Bank ATM property.

    Property size:
    1,160 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple interest (land and building) in a freestanding Papa Murphy's in Gillette, Wyoming. The 1,160 square foot building, constructed in 1993, sits on a 0.38-acre lot with 24 parking spaces. Currently 100% occupied, the property boasts a strong NOI of $55,331 and a 6.32% cap rate, with an asking price of $876,000. The existing lease with Papa Murphy's, a major take-and-bake pizza chain, extends until June 30, 2027, providing a remaining term of 2.6 years. The property also benefits from an ATM operated by Security State Bank, adding to the income stream. This prime location on Douglas Highway (28,000 vehicles per day) enjoys high visibility and benefits from its proximity to major national retailers, including Hobby Lobby, Harbor Freight, Walmart Supercenter, Albertsons, Home Depot, and Boot Barn. Its adjacency to Interstate 90 further enhances its accessibility and appeal. Papa Murphy's has operated at this location since 1997, demonstrating a long-standing presence and commitment to the area. This property offers a passive investor an excellent opportunity to acquire a well-established, diversified income-producing asset in a pro-business state. The property is located in Campbell County, Wyoming, zip code 82718.

    Property Features for 2126 Douglas Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,160 SF
    Lot Size
    16,553 SF

    Building Details

    Year Built
    1993
    Buildings
    1
    Stories
    1

    HighLights

    • Low‑rent Quick Service Restaurant (QSR) with 27+ years of tenant occupancy.
    • Outparcel in a Hobby Lobby‑anchored shopping center.
    • Adjacent to Wyoming's second‑busiest Walmart Supercenter (3.1M annual visitors).
    • Strong retail environment with national retailers, QSRs, and hotels within one mile.
    • Prime location in a high‑traffic retail corridor near Interstate 90.
    • High visibility on Douglas Highway (28,000 vehicles per day).
    Property Profile Location Intelligence

    Current Use by Public Records

    Papa Murphy's | Take ... Pizza Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gillette
    County
    Campbell
    State
    Wyoming
    Longitude
    -105.4953894
    Latitude
    44.2753215

    Nearby Similar for Sale

    • $1,750,000
      4.06 Acres

      Gillette Multi-Use Commercial Property

      Unique property with commercial, event, and residential spaces on 4.7 acres.
      1120 Hwy, Gillette, WY 82716
      View Details
    • New
      $1,100,000
      2.98 Acres

      Gillette Commercial Property with Residence

      2.98-acre commercial property with residential home and shop.
      370 Hwy, Gillette, WY 82718
      View Details
    • $399,000
      0.58 Acres

      High-Traffic Commercial Lot on Hwy 59

      0.58 acre corner lot with high visibility and access.
      805 S Douglas Hwy S, Gillette, WY 82716
      View Details
    • $1,650,000
      7.29 Acres

      Established Automotive Business Opportunity

      Turn-key automotive transmission shop with extensive inventory and equipment.
      1810 Gold Dr, Gillette, WY 82716
      View Details
    • $580,000
      1.07 Acres

      Gillette Commercial Property with Yard

      Well-maintained commercial property with yard, currently operating as a daycare.
      640 12Th St W, Gillette, WY 82716
      View Details
    • $875,000
      1.68 Acres

      Two Shops on 1.68 Acres

      Two commercial shops on 1.68 acres in Gillette, Wyoming.
      208 Butler Spaeth Rd -, Gillette, WY 82716
      View Details
    • $550,000
      35.77 Acres

      Gillette Commercial Property with Barn

      35.77 acres with large barn, home, and highway access.
      10326 Hwy 59 S, Gillette, WY 82718
      View Details
    • $5,900,000
      0.20 Acres

      Gillette, WY Apartment Complex

      Ten 4-plex units with good rental history in Gillette.
      1922-1931 Harvest Moon Dr, Gillette, WY 82718
      View Details
    • $1,350,000
      0.83 Acres

      Gillette Restaurant Building and Land

      Long-standing Chinese restaurant with building and land for sale.
      1612 W 2Nd St, Gillette, WY 82716
      View Details
    • $349,900
      0.31 Acres

      Gillette, WY Income Property

      Multi-unit property with mobile home and excellent cash flow.
      907 4Th St E, Gillette, WY 82716
      View Details
    • $829,000
      2.98 Acres

      Gillette Commercial Property with Shop

      Commercial property featuring a shop, office space, and outdoor area.
      3416 Garman Rd, Gillette, WY 82716
      View Details
    • $800,000
      0.41 Acres

      Gillette Commercial Property For Sale

      High-traffic commercial property with modern office space in Gillette, WY.
      202 W Lakeway Rd, Gillette, WY 82718
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-yield QSR & Bank ATM property.
    Where is this individual retail property located?
    The property is located at 2126 Douglas Hwy Gillette, WY.
    What is the asking price?
    The asking price for this property is $876,000.
    What are key features of this property?
    This property features: Low-rent Quick Service Restaurant (QSR) with 27+ years of tenant occupancy.; Outparcel in a Hobby Lobby-anchored shopping center.; Adjacent to Wyoming's second-busiest Walmart Supercenter (3.1M annual visitors).
    Request Owner's contact information
    2126 Douglas Hwy Gillette, WY 82718
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2126 Douglas Hwy
    Gillette, WY 82718
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2126 Douglas Hwy Gillette, WY 82718
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.