140 Gardenia Dr Cheyenne, WY 82009

This exceptional investment opportunity presents a 4,282 square foot Maverik gas station and convenience store in Cheyenne, Wyoming. Located on a 1.33-acre lot at a hard corner with high visibility near I-25, this property boasts 10 gas pumps and a 100% occupancy rate. The absolute NNN ground lease with a corporate guarantee provides significant security, featuring a remaining term of 17.1 years with ten 5-year renewal options. Rent increases by 7% every 5 years, offering a hedge against inflation. Built in 2010, the property generates a substantial NOI of $115,560, representing a 4.50% cap rate and a price per square foot of $599.72. The asking price is $2,568,000. The property benefits from excellent demographics, with over 67,585 people within a 5-mile radius and an average household income exceeding $109,000 within 1 mile. Maverik, a leading convenience store brand with over 800 locations, is known for its high-quality food offerings and strong customer loyalty program. This investment offers a compelling combination of strong tenant, long-term lease, and attractive financial metrics. A 7% rent increase is scheduled for the end of 2026.