3950 Denis Dr Casper, WY 82604-4334

Property Details for 3950 Denis Dr

Year built

2000

Lot size

0.98 lot acres

Property size

4,175 SF

Property type

Car washes

APN

3379-18-30-5-00300

APU

33791830500300

Description

This exceptional investment opportunity presents a brand-new, 571 square foot 7 Brew Coffee shop in Casper, Wyoming, operating under a 15-year absolute NNN lease commencing June 14, 2024, and expiring June 14, 2039. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $165,000. Situated on a 0.85-acre lot at 3950 Denis Dr, Casper, WY 82604, this location benefits from exceptional visibility and high traffic counts exceeding 48,000 vehicles daily at the signalized intersection of CY Avenue and Wyoming Boulevard Southwest. The lease includes 5% rent bumps every five years, minimizing landlord responsibilities and maximizing passive income potential. This single-tenant property is ideally positioned near Casper College, University of Wyoming at Casper, and several high schools, providing access to a large student and faculty population. The surrounding area features a mix of residential, commercial, and retail establishments, ensuring consistent customer traffic. The property's proximity to major thoroughfares, ample parking, and nearby amenities further enhance its appeal. This is a tax-free state investment, making it an attractive option for investors seeking a low-maintenance, high-return opportunity in a growing market. The asking price is $2,358,000. This is a 1031 exchange eligible property.

Location Insight

City

Casper

County

Natrona

State

Wyoming

Longitude

-106.368

Latitude

42.8201

CBSA code

16220

CBSA name

CASPER, WY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments