1826 Elk St Rock Springs, WY 82901-4003

This exceptional investment opportunity presents a 10,000 square foot, newly constructed (2024) Dollar Tree store in Rock Springs, Wyoming. Located on a 1.154-acre lot at 1826 Elk St (US Highway 191), this property boasts a high-traffic location with 15,600 AADT. The 10-year net lease (NN+) with rent bumps, commencing October 15, 2024, and expiring October 31, 2034, provides a stable, passive income stream. The property generates a strong NOI of $148,000, resulting in a 7.25% cap rate and an asking price of $2,042,000. The lease is backed by Dollar Tree, Inc., a Fortune 200 company, ensuring tenant reliability. This strategically located retail property benefits from proximity to major employers like Memorial Hospital of Sweetwater County and Western Wyoming Community College, serving a diverse customer base within a 5-mile radius exceeding 23,000 residents with an average household income of $82,314. The property's modern design and energy-efficient systems minimize operating costs. This offering is suitable for a 1031 exchange.