1801 16th St Wheatland, WY 82201-2241
- Turn key restaurants
- 3,583 SF
- 1.00 lot acres
Dec 23, 2024
Current Use by Public Records
- Turn key restaurants
Property Details for 1801 16th St
- Year built
- 1980
- Construction
- FRAME
- Lot size
- 1.00 lot acres
- Property size
- 3,583 SF
- Property type
- Turn key restaurants
- APN
- 246811401003CM
- APU
- 246811401003CM
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located in Wheatland, Wyoming. The property boasts a prime location directly off I-25, ensuring high visibility and accessibility. Built in 1980, this 3,306 square foot building sits on a one-acre lot and is currently operating at 100% occupancy. The lease features a remaining term of 14.7 years with attractive 1.50% annual rent increases, providing consistent and predictable cash flow. The asking price is $1,155,000, representing a compelling price per square foot of $349.36 and a strong 7.00% cap rate based on a current Net Operating Income (NOI) of $80,866. This is a rare opportunity to acquire a well-established, nationally branded restaurant in a thriving area. The property's location in Wheatland, Platte County, Wyoming (82201, 1801 16th St) offers significant advantages for investors seeking
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
- Wheatland
- County
- Platte
- State
- Wyoming
- Longitude
- -104.964
- Latitude
- 42.065
