338 Washington St Afton, WY 83110-5106
- Turn key restaurants
- 1,800 SF
- 0.30 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 338 Washington St
- Year built
- 1985
- Lot size
- 0.30 lot acres
- Property size
- 1,800 SF
- Property type
- Turn key restaurants
- APN
- 32192540303600
- APU
- 32192540303600
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 338 Washington St, Afton, Wyoming 83110. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $75,550. Built in 2011, this 1,894 square foot building sits on a 0.3-acre lot and is currently operating at 100% occupancy. The lease features a franchisee tenant with a remaining term of 14.7 years, providing long-term stability and predictable cash flow. Annual rent increases of 1.50% are built into the lease, ensuring consistent growth in rental income. The property benefits from limited competition in the immediate area, further enhancing its investment appeal. The asking price is $1,079,000, translating to a price per square foot of $569.69. This is a one-story building, representing a secure and low-maintenance investment in a well-established national brand. The property's location in Afton, Wyoming offers a stable market with consistent demand. This is a rare opportunity to acquire a high-performing, passively managed investment property with significant long-term potential.
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
- Afton
- County
- Lincoln
- State
- Wyoming
- Longitude
- -110.934
- Latitude
- 42.7267
