140 Gardenia Dr Cheyenne, WY 82009-2600
Property profile & analytics
140 Gardenia Dr, Cheyenne, WY 82009-2600
- Grocery and convenience stores
- 4,282 SF
- 1.33 lot acres
Property ID
US95-0045686
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Maverik Adventure's First Stop / Gas Station
Property Details for 140 Gardenia Dr
- Year built
- 2010
- Lot size
- 1.33 lot acres
- Zone code
- CB
- Property type
- Grocery and convenience stores
- APN
- 12322000100070
- APU
- 12322000100070
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Cheyenne
- County
- Laramie
- State
- Wyoming
- Longitude
- -104.828
- Latitude
- 41.1824
- CBSA code
- 16940
- CBSA name
- CHEYENNE, WY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,691
$31,074
$87,410
$118,484
-
$327,093
$920,103
$1,247,196
