1830 Richards St Douglas, WY 82633-3028
- Turn key restaurants
- 3,449 SF
- 1.08 lot acres
Jan 17, 2025
Current Use by Public Records
- Turn key restaurants
Property Details for 1830 Richards St
- Year built
- 1984
- Lot size
- 1.08 lot acres
- Property size
- 3,449 SF
- Property type
- Turn key restaurants
- APN
- 86457
- APU
- 86457
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 1830 E Richards St, Douglas, WY 82633. Boasting 3,154 square feet on a 3,154-acre lot, this property benefits from a highly visible location directly off U.S. Highway 20 Business, ensuring excellent access and exposure. Built in 1984, the one-story building is currently 100% occupied by Pizza Hut under a lease with 14.7 years remaining. The lease features attractive 1.50% annual rent bumps, providing consistent income growth. The property's strong financial performance is reflected in its $1,689,735 asking price, a $535.74 price per square foot, and a compelling 7.00% cap rate. The current Net Operating Income (NOI) stands at $118,281. This is a rare chance to acquire a stable, high-performing retail asset in a desirable location with a nationally recognized brand tenant. The absolute NNN lease structure minimizes landlord responsibilities, making this an ideal investment for passive income seekers. The property's prime location and strong tenant history make it a highly attractive investment opportunity with significant long-term potential. This is a turnkey investment ready for immediate cash flow.
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
- Douglas
- County
- Converse
- State
- Wyoming
- Longitude
- -105.364
- Latitude
- 42.7454
