1120 2 St Upton, WY 82730

Property Details for 1120 2 St

Year built

2024

Lot size

2.00 lot acres

Property size

10,500 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a brand-new, 10,500-square-foot Family Dollar/Dollar Tree retail property in Upton, Wyoming. Built in 2024, this single-tenant, fee-simple property boasts a 10-year net lease with a corporate guarantee from Dollar Tree, a highly rated (BBB) and financially stable company. The lease commenced March 21, 2024, and expires March 31, 2034, with five, 5-year renewal options, each including a $5,250 rent increase ($0.50 per square foot). The property sits on a two-acre lot and enjoys 100% occupancy, generating a strong net operating income (NOI) of $135,975, resulting in a compelling 7.85% capitalization rate. The asking price is $1,732,166. This is a first-to-market location in Upton, with no direct competition from Dollar General or Walmart, serving a community with an average household income of $122,295. The property includes a transferable 20-year roof warranty. The combination Family Dollar/Dollar Tree store format demonstrates a 20% higher sales volume than single-branded stores. Wyoming's income tax-free status further enhances the investment's attractiveness. This is a rare opportunity to acquire a high-performing, low-risk retail investment in a strong market.

Location Insight

City

Upton

County

Weston

State

Wyoming

Longitude

-104.621

Latitude

44.0961