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

    802 Seneca Ave Newcastle, WY 82701

    For Sale
    $1,058,273

    High-yield Pizza Hut; strong tenant; 14.7 years remaining.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 802 S Seneca Ave, Newcastle, WY 82701. The property boasts a prime location directly off U.S. Highway 16, ensuring excellent visibility and accessibility for customers. Built in 1981, this 0.55-acre site features a single-story, 100% occupied building. The current lease agreement with Pizza Hut has 14.7 years remaining, providing long-term stability and predictable cash flow. The lease includes annual rent bumps of 1.50%, offering built-in protection against inflation. The property generates a substantial net operating income (NOI) of $68,788, resulting in an attractive 6.50% cap rate. The asking price is $1,058,273. This is a rare opportunity to acquire a well-established, high-performing QSR/Fast Food property in a desirable location with significant upside potential. The property's strong tenant, long lease term, and prime location make it an ideal addition to any investment portfolio. The absolute NNN lease structure minimizes landlord responsibilities, further enhancing the investment's appeal.

    Property Features for 802 Seneca Ave

    General Information

    Property type
    Restaurants
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1981
    Buildings
    1
    Stories
    1

    HighLights

    • $1,058,273 asking price for a Pizza Hut net lease property.
    • Absolute NNN lease with 14.7 years remaining.
    • 6.50% cap rate and $68,788 annual NOI.
    • Located in a retail corridor directly off US Highway 16 in Newcastle, Wyoming, offering excellent visibility and access.
    • 100% occupancy with 1.50% annual rent increases.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pizza Hut Pizza Delivery

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newcastle
    County
    Weston
    State
    Wyoming
    Longitude
    -104.1970526
    Latitude
    43.848836

    Nearby Similar for Sale

    • $924,000
      1.30 Acres

      Newcastle Commercial Opportunity with Restaurant

      Prime commercial location with restaurant, convenience store, and storage units.
      - 1220&1226 Washington Blvd, Newcastle, WY 82701
      View Details
    • $294,900
      0.98 Acres

      Newcastle Commercial Building For Sale

      Updated commercial building suitable for office, medical, or retail use.
      420 Deanne Ave, Newcastle, WY 82701
      View Details
    • $650,000
      11,750 SF

      Newcastle, WY Office Building

      Office building with main street frontage in Newcastle, Wyoming.
      2013 W Main St, Newcastle, WY 82701
      View Details
    • $210,000

      Established Liquor Store in Newcastle

      Turnkey liquor store with strong sales history in high-traffic location.
      623 W Main St W, Newcastle, WY 82701
      View Details
    • $1,199,000

      Newcastle Commercial Building with Garage

      Versatile 8,640 SF commercial building on 2.24 acres.
      2100 W Main St, Newcastle, WY 82701
      View Details
    • $395,000
      0.24 Acres

      Income Producing Apartment Complex

      Turnkey investment property with strong rental history in Newcastle, WY.
      115 S Summit Ave, Newcastle, WY 82701
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-yield Pizza Hut; strong tenant; 14.7 years remaining.
    Where is this restaurant located?
    The property is located at 802 Seneca Ave Newcastle, WY.
    What is the asking price?
    The asking price for this property is $1,058,273.
    What are key features of this property?
    This property features: $1,058,273 asking price for a Pizza Hut net lease property.; Absolute NNN lease with 14.7 years remaining.; 6.50% cap rate and $68,788 annual NOI.
    Request Owner's contact information
    802 Seneca Ave Newcastle, WY 82701
    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.
    802 Seneca Ave
    Newcastle, WY 82701
    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
    802 Seneca Ave Newcastle, WY 82701
    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.