440 Main St Thayne, WY 83127

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.