104 Hart St Buffalo, WY 82834-1705
- Turn key restaurants
- 3,701 SF
- 0.69 lot acres
Current Use by Public Records
- Hardee's / Fast Food Restaurant / Hamburger Restaurant
Property Details for 104 Hart St
- Year built
- 1977
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.69 lot acres
- Property size
- 3,701 SF
- Property type
- Turn key restaurants
- APN
- R0003173
- APU
- R0003173
Description
This exceptional investment opportunity presents a Hardee's restaurant in Buffalo, Wyoming, an income tax-free state. The property boasts a 3,701 square foot building situated on a 0.69-acre lot, operating under an absolute NNN lease with over 7 years (until December 31, 2031) remaining, eliminating all landlord responsibilities. The lease includes a 10% rent increase every five years, ensuring consistent income growth. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $60,976, representing a compelling 6.50% capitalization rate. The asking price is $938,092, translating to $253.47 per square foot. This prime location is less than half a mile from Interstate 25, experiencing over 9,000 vehicles daily, and is surrounded by strong complementary businesses including Ace Hardware, Family Dollar, and several hotels. Proximity to local attractions like the Jim Gatchell Memorial Museum and Buffalo Golf Course further enhances its appeal. This is a rare opportunity to acquire a well-established, low-maintenance, high-performing QSR investment in a desirable location. The property's strong tenant, favorable lease terms, and strategic location make it an attractive addition to any investment portfolio.
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
- Buffalo
- County
- Johnson
- State
- Wyoming
- Longitude
- -106.694
- Latitude
- 44.3546
