600 Whalen St Guernsey, WY 82214
- Retail properties
- 10,566 SF
- 1.10 lot acres
Current Use by Public Records
- Retail properties
Property Details for 600 Whalen St
- Year built
- 2023
- Lot size
- 1.10 lot acres
- Property size
- 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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Guernsey
- County
- Platte
- State
- Wyoming
- Longitude
- -104.75
- Latitude
- 42.2692