1300 Poplar StCasper, WY 82601

Property Details for 1300 Poplar St

Year built

1996

Lot size

0.45 AC

Property size (Sq ft)

1,520 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

3379-08-42-3-00100

APU

33790842300100

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 1300 S Poplar St, Casper, WY 82601. The property boasts 1,550 square feet on a 0.72-acre lot, built in 1996 and currently operating at 100% occupancy. The franchisee tenant enjoys excellent visibility and access from a signalized, hard corner intersection, further enhanced by its proximity to other national credit tenants. The lease features a remaining term of 15 years with attractive 1.50% annual rent bumps, ensuring consistent income growth. The current asking price is $1,618,000, representing a price per square foot of $1,043.87 and a compelling 6.50% cap rate. The property generates a strong net operating income (NOI) of $105,162. This is a rare opportunity to acquire a well-established, passively managed investment in a desirable location within Natrona County, Wyoming. The property consists of a single, one-story building, offering a straightforward and low-maintenance investment. This is an ideal addition to any diversified real estate portfolio seeking stable, long-term returns.

Location Insight

City

Casper

County

Natrona

State

Wyoming

Latitude

42.8372

Longitude

-106.337

CBSA code

16220

CBSA name

CASPER, WY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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