Property profile

5232 Rue Terre Cheyenne, WY 82009

FOR LEASE
Outlet malls
Property ID
US95-0091296
68,633 SF 5.87 ac lot Built 2007
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1-acre commercial pad site presents a remarkable opportunity for businesses seeking high visibility and convenient access in Cheyenne, Wyoming. Strategically located adjacent to a thriving Kohl's department store, this property benefits from its position within a dominant shopping center anchored by a collection of national retailers. The site offers easy access for customers and employees alike, ensuring optimal convenience and exposure. Neighboring businesses include Lowe's, Sprouts Farmers Market, Michael's, Barnes & Noble, and several other well-established national brands, creating a synergistic environment and attracting significant foot traffic. The property is available for ground lease, providing flexibility and potential for customized development to suit specific business needs. This prime location within a bustling retail hub offers unparalleled potential for growth and success, making it an exceptional investment opportunity for discerning businesses seeking a prominent presence in the Cheyenne market. The property's single tenancy status ensures a focused and controlled environment. Located in Laramie County, this site offers easy access to major transportation routes, further enhancing its appeal and accessibility. This is a rare opportunity to secure a highly visible and strategically located pad site in a thriving retail environment.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2007
Total area 68,633 SF
Lot 5.87 ac (255,697 SF)
Zoning code CB
APN 13924000100010
UPID US95-0091296

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Department Store
  • (Bike/Boat/Book/etc) Store Cosmetic Store

Location

5232 Rue Terre Cheyenne, WY 82009
Cheyenne metro Census 1402 CHEYENNE, WY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.15M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.33M
Blend (final) Blend
$1.24M

Owner & transaction history

since 2015
1 recorded transaction
2015
Price N/A

Zoning & alternative use

CB · Cheyenne, WY
Zoning description

5.4.2 CB - Community Business District 5.4.3 CBD - Central Business District 5.4.4 MUR - Mixed-Use Residential District 5.4.5 MUB - Mixed-Use Business District 5.4.6 MUE - Mixed-Use Employment District 5.4.7 BP - Busines…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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