121 Washington St Afton, WY 83110

This exceptional investment opportunity presents a newly constructed (2024) 12,697 square foot Dollar General store located at 121 S Washington St, Afton, Wyoming 83110. The property sits on a 1.75-acre lot and boasts a 15-year absolute NNN lease commencing August 2, 2024, and expiring August 31, 2039. The lease includes rent bumps, providing consistent income growth. The tenant, Dollar General Corporation, a credit-rated national retailer with over 19,000 locations and over $37 billion in 2023 revenue, provides a strong corporate guarantee, minimizing landlord responsibilities. The property offers a substantial net operating income (NOI) of $169,919, resulting in a 6.25% cap rate and an asking price of $2,719,000. This strategically located retail property benefits from high visibility on Highway 89, Afton's main thoroughfare, and proximity to key amenities, residential areas, and significant tourist attractions, including Grand Teton National Park (3,000,000 annual visitors), Yellowstone National Park (90 minutes away), and Bridger-Teton National Forest. The property's location near Star Valley High School also ensures consistent foot traffic. This presents an ideal investment for passive investors seeking a secure, high-return asset with minimal management requirements. The property is suitable for a 1031 exchange.