1300 Poplar St Casper, WY 82601
- Turn key restaurants
- 1,520 SF
- 0.45 lot acres
Current Use by Public Records
- Pizza Hut / Pizza Delivery / Chicken Wings Restaurant
Property Details for 1300 Poplar St
- Year built
- 1996
- Lot size
- 0.45 lot acres
- Property size
- 1,520 SF
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Casper
- County
- Natrona
- State
- Wyoming
- Longitude
- -106.337
- Latitude
- 42.8372
- CBSA code
- 16220
- CBSA name
- CASPER, WY METROPOLITAN STATISTICAL AREA
