2224 Douglas Hwy Gillette, WY 82718-5418
Property profile & analytics
2224 Douglas Hwy, Gillette, WY 82718-5418
- Commercial real estate
- 1.05 lot acres
Property ID
US95-0073794
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
- Commercial real estate
Property Details for 2224 Douglas Hwy
- Year built
- 2007
- Lot size
- 1.05 lot acres
- Property type
- Commercial real estate
- APN
- R0030708
- APU
- R0030708
Description
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 2,540 square foot Starbucks drive-thru, built in 2024. Located at 2224 S Douglas Hwy, Gillette, WY 82718, this property sits on a 1.05-acre lot and benefits from a prime location directly fronting a Walmart Supercenter and other national retailers, including Hobby Lobby and Harbor Freight. The property enjoys high visibility on Douglas Highway (28,000 vehicles per day), with easy access from Interstate 90. The Starbucks lease is a corporate-backed, 10-year agreement with a 100% occupancy rate and rare 10% rental increases every five years, providing significant long-term stability and growth potential. The current NOI is $185,000, with a pro-forma NOI of $203,500, resulting in a 6.00% cap rate and a pro-forma cap rate of 6.60%. The asking price is $3,083,333, translating to $1,213.91 per square foot. The property features ample parking (10.61 spaces per 1,000 sq ft) and is zoned for commercial use per Gillette city ordinances. This is a rare opportunity to acquire a high-performing QSR property in a thriving Wyoming market, offering ease of management and significant return on investment. The property's location within a dynamic retail corridor, coupled with the strength of the Starbucks brand and the long-term lease, makes this an attractive investment for passive investors seeking a secure and profitable asset. The property's APN is R0030708.
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
- Gillette
- County
- Campbell
- State
- Wyoming
- Longitude
- -105.495
- Latitude
- 44.2743
- 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
$872
$8,356
$4,044
$12,400
-
$87,961
$42,569
$130,530
