110 Hart St Buffalo, WY 82834
- Turn key restaurants
- 2,412 SF
- 0.89 lot acres
Jan 03, 2025
Current Use by Public Records
- Pizza Hut / Chicken Wings Restaurant / Pizza Restaurant
Property Details for 110 Hart St
- Year built
- 1981
- Lot size
- 0.89 lot acres
- Property size
- 2,412 SF
- Property type
- Turn key restaurants
- APN
- R0003172
- APU
- R0003172
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 110 E Hart St, Buffalo, WY 82834. The property boasts 2,501 square feet situated on a 0.89-acre lot, built in 1981, and currently enjoys 100% occupancy. The franchisee tenant benefits from a strong 14.7 years remaining on the lease, providing significant long-term stability. The lease includes attractive 1.50% annual rent bumps, ensuring consistent income growth. This property offers a compelling 6.75% cap rate with a current Net Operating Income (NOI) of $62,350, and an asking price of $923,702 ($369.33 per square foot). The strategic location directly off US Highway 16 and in close proximity to Interstate 25 ensures excellent visibility and accessibility, maximizing exposure to a high volume of traffic. This is a rare opportunity to acquire a well-established, passively managed, and highly profitable investment in a desirable Wyoming location. The property's single-story building and convenient access points contribute to its operational efficiency and appeal. The strong tenant history and favorable lease terms make this a low-risk, high-reward investment prospect. This is a turn-key investment perfect for a passive investor seeking a stable, high-yielding asset.
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
- 44.3548
