2025 2Nd StCasper, WY 82609

Property Details for 2025 2Nd St

Year built

1972

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.41 AC

Property size (Sq ft)

4,408 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

3379-11-21-1-00100

APU

33791121100100

Description

This exceptional 4,408 square foot medical office building, located at 2025 E 2nd St, Casper, WY 82609, presents a compelling investment opportunity. Built in 1972 and extensively renovated in 2022, the single-story building boasts a 13-year triple-net (NNN) lease with two five-year renewal options, ensuring long-term, passive income. The lease includes a favorable 2% annual rental increase, providing inflation protection and enhanced cash flow. Situated on a high-traffic corner (37,300+ vehicles per day), this property benefits from its proximity to Banner Wyoming Medical Center, the state's largest hospital, and numerous national retailers, including Albertsons, Hobby Lobby, Walmart, Sam's Club, and Eastridge Mall. The tenant, Community Care Partners (CCP), a reputable operator of over 90 urgent care and primary care clinics across seven states, provides a strong corporate guarantee. Casper's growing population and robust healthcare sector further solidify this investment's potential. The property's location within a dense residential area and its recent renovation contribute to its strong appeal. This is a rare opportunity to acquire a stable, high-performing asset in a tax-free state. The 7% cap rate and minimal landlord responsibilities make this an attractive addition to any portfolio. The building's strategic location in a thriving healthcare and education hub ensures consistent demand for medical services.

• CAP approach

  CAP return

  Valuation

  6%

  $1,403,626

  6.5%

  $1,295,655

  7%

  $1,203,108

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,652,554

  Geo Method

  $917,756

• Alternative Use

  Use

  Valuation

  Residential

  $1,092,933

  Hospitality

  $1,001,121

  Educational

  $832,921

  Medical

  $861,566

  Retail

  $1,295,655

Location Insight

City

Casper

County

Natrona

State

Wyoming

Latitude

42.8484

Longitude

-106.298

CBSA code

16220

CBSA name

CASPER, WY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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