10501 Us-30 Cokeville, WY 83114

Property Details for 10501 Us-30

Year built

1999

Lot size

8.48 lot acres

Property size

12,147 SF

Property type

Retail properties

Property subtype

Gas stations

Description

This exceptional investment opportunity features a 12,147 square foot Pilot Travel Center in Cokeville, Wyoming, situated on an 8.48-acre lot. Built in 1999, this single-story building boasts a 20-year absolute NNN lease with Pilot Flying J, commencing April 13, 2022, and expiring April 12, 2042, leaving 17.4 years remaining. The lease includes four 5-year options and a 10% rent increase every five years. The property generates a strong NOI of $327,000, representing a 5.00% cap rate and a price per square foot of $538.40. With 100% occupancy since April 13, 2022, this asset offers significant long-term value. The strategic location at the western edge of Wyoming, near major highways and tourist destinations, ensures high traffic volume. The property includes 90 truck parking spaces, 11 diesel fuel lanes, 12 gas fueling stations, and four showers. This fee-simple ownership provides significant tax advantages. The tenant, Pilot Flying J, is the largest operator of travel centers in North America, providing exceptional financial stability and security for this investment. This is a rare opportunity to acquire a high-performing, corporate-guaranteed net lease property with substantial upside potential.

Location Insight

City

Cokeville

County

Lincoln

State

Wyoming

Longitude

-110.948

Latitude

42.0872