2126 Douglas Hwy Gillette, WY 82718-5416
Property profile & analytics
2126 Douglas Hwy, Gillette, WY 82718-5416
- Turn key restaurants
- 1,239 SF
- 0.38 lot acres
Property ID
US95-0068869
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
- Papa Murphy's | Take 'N' Bake Pizza / Restaurant
Property Details for 2126 Douglas Hwy
- Year built
- 1993
- Lot size
- 0.38 lot acres
- Property type
- Turn key restaurants
- APN
- R0025827
- APU
- R0025827
Description
This exceptional investment opportunity presents a fee-simple interest (land and building) in a freestanding Papa Murphy's in Gillette, Wyoming. The 1,160 square foot building, constructed in 1993, sits on a 0.38-acre lot with 24 parking spaces. Currently 100% occupied, the property boasts a strong NOI of $55,331 and a 6.32% cap rate, with an asking price of $876,000. The existing lease with Papa Murphy's, a major take-and-bake pizza chain, extends until June 30, 2027, providing a remaining term of 2.6 years. The property also benefits from an ATM operated by Security State Bank, adding to the income stream. This prime location on Douglas Highway (28,000 vehicles per day) enjoys high visibility and benefits from its proximity to major national retailers, including Hobby Lobby, Harbor Freight, Walmart Supercenter, Albertsons, Home Depot, and Boot Barn. Its adjacency to Interstate 90 further enhances its accessibility and appeal. Papa Murphy's has operated at this location since 1997, demonstrating a long-standing presence and commitment to the area. This property offers a passive investor an excellent opportunity to acquire a well-established, diversified income-producing asset in a pro-business state. The property is located in Campbell County, Wyoming, zip code 82718.
Value Estimations
based on Realmo’s proprietary methodology
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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
- Gillette
- County
- Campbell
- State
- Wyoming
- Longitude
- -105.495
- Latitude
- 44.2753
- CBSA code
- 23940
- CBSA name
- GILLETTE, WY MICROPOLITAN 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
$1,931
$9,443
$18,005
$27,448
-
$99,402
$189,529
$288,931
