440 Main St Thayne, WY 83127
Property profile & analytics
440 Main St, Thayne, WY 83127
- Outlet malls
- 8,320 SF
- 0.72 lot acres
Property ID
US95-0122073
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
- Outlet malls
Property Details for 440 Main St
- Year built
- 2014
- Lot size
- 0.72 lot acres
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 34192310008200
- APU
- 34192310008200
Description
This exceptional investment opportunity presents a 10,500 square foot Family Dollar Tree retail property located at 440 N Main St, Thayne, Wyoming 83127. Built in 2015, this property benefits from a strong 9.2-year remaining lease term (expiring September 29, 2033) with a credit-rated, corporate-guaranteed tenant. The current net operating income (NOI) stands at $128,520, yielding a 7.65% cap rate on the $1,680,000 asking price. The lease is a Net Lease (NN+) structure, minimizing landlord responsibilities. A significant advantage is the inclusion of a rare base rent increase of $5,250 in 2028, further enhancing the investment's return. The lease also includes six, five-year options with additional rent increases of $5,250 ($0.50 per square foot) each. The property boasts a transferable roof warranty. Situated approximately 50 miles south of Jackson Hole, this location benefits from the area's tourism and strong economic activity. The tenant, Dollar Tree (which acquired Family Dollar in 2015), is a highly reputable, investment-grade rated (BBB-) company with over 16,000 locations nationwide. The combination Family Dollar Tree store format has demonstrated a 20% higher sales volume compared to single-branded stores. This property offers a compelling combination of strong tenant performance, a secure lease structure, and a desirable location in an income tax-free state.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $960,000 Current use
- COMMERCIAL (GENERAL)
- $1,010,000 Change: +5% Conversion: Easy
- RESTAURANT
- $1,005,000 Change: +5% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Thayne
- County
- Lincoln
- State
- Wyoming
- Longitude
- -111.002
- Latitude
- 42.9239
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
2022
$4,321
$16,089
$62,808
$78,897
-
$169,361
$661,141
$830,502
