1300 Poplar St Casper, WY 82601-3542
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.
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Pizza Hut Take-out & Catering
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.