802 Seneca Ave Newcastle, WY 82701-2803
Property profile & analytics
802 Seneca Ave, Newcastle, WY 82701-2803
- Turn key restaurants
- 3,250 SF
- 0.45 lot acres
Property ID
US95-0172188
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
- Pizza Hut / Take-out & Catering
Property Details for 802 Seneca Ave
- Year built
- 1981
- Lot size
- 0.45 lot acres
- Property type
- Turn key restaurants
- APN
- 45612830000900
- APU
- 45612830000900
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 802 S Seneca Ave, Newcastle, WY 82701. The property boasts a prime location directly off U.S. Highway 16, ensuring excellent visibility and accessibility for customers. Built in 1981, this 0.55-acre site features a single-story, 100% occupied building. The current lease agreement with Pizza Hut has 14.7 years remaining, providing long-term stability and predictable cash flow. The lease includes annual rent bumps of 1.50%, offering built-in protection against inflation. The property generates a substantial net operating income (NOI) of $68,788, resulting in an attractive 6.50% cap rate. The asking price is $1,058,273. This is a rare opportunity to acquire a well-established, high-performing QSR/Fast Food property in a desirable location with significant upside potential. The property's strong tenant, long lease term, and prime location make it an ideal addition to any investment portfolio. The absolute NNN lease structure minimizes landlord responsibilities, further enhancing the investment's appeal.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Newcastle
- County
- Weston
- State
- Wyoming
- Longitude
- -104.197
- Latitude
- 43.8488
- CBSA code
- 23940
- CBSA name
- GILLETTE, WY MICROPOLITAN STATISTICAL AREA
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
2024
$2,572
$4,786
$28,399
$33,185
-
$50,377
$298,932
$349,309
