Retail Property For Sale - Brand New Walgreens | Western US | 7.75% CAP

1585 Sheridan Avenue, Cody, WY, 82414

 

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Brand New Walgreens | Western US | 7.75% CAP

1585 Sheridan Avenue, Cody, WY 82414

Brand New Walgreens | Western US | 7.75% CAP
  • $5,155,000
  • 13,650 SF
  • $377.66
  • Retail
  • Free Standing Bldg
  • Street Retail
    Retail (Other)
  • Net Lease Investment with 10+ years left on lease
  • 7.75%
  • 100%
  • Single
  • 2.37 AC
  • Find Out More...
Last Verified  11/7/2009 Listing ID  16420689

Description

- S&P A+ Rated Company ($14 Billion Net Worth)
- 75-Year Corporate Backed Lease
- Brand New 2009 Construction
- Absolute NNN Lease (No Landlord Responsibilities)
- Less than One Mile from West Park Hospital
- Hard Corner, Signalized Intersection of Cody's Main Artery
- Two Miles from Yellowstone Regional Airport
- Eastern Gateway to Yellowstone National Park

The subject property is a brand new Walgreens Pharmacy located in Cody, Wyoming. Walgreens occupies a 13,650 square foot freestanding building on Sheridan Avenue, the main artery in Cody. Walgreens has signed a 75-year absolute NNN lease with zero landlord responsibilities.

Walgreens is located at the signalized intersection of Sheridan Avenue and 16th Street. All major thoroughfares in the area pass through this intersection. The property is less than one mile east of West Park Hospital, the only hospital in Cody and is two miles west of Yellowstone Regional Airport. Notable tenants in the area include: Sears, K-Mart, Holiday Inn, Wells Fargo, US Bank, McDonald's, Wendy's and more (see aerial).

Cody is the eastern gateway to Yellowstone National Park and is known as a small western town with a friendly attitude. Named after "Buffalo Bill Cody", the town has long been a symbol of the Old American West. Cody is located 52 miles from the East Entrance to Yellowstone National Park. The 105 year old community continues to prosper with its diverse economy, which includes oil/minerals, agriculture, timbering, light industry, Western Design and tourism.

Financial Summary

  • Actual
  • $399,512.50

Map of 1585 Sheridan Avenue, Cody, WY 82414 (Park County)

Contact Listing Broker to find out more details.

Presented by

Marcus & Millichap

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Contact Listing Broker
Philip Sambazis (858) 373-3174
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Created 10/5/2009

Additional Information for 1585 Sheridan Avenue, Cody, WY 82414

  • Active For Sale - 1 Listing
  • Active For Lease - 0 Listing
  • Previously Listed - 0 Historic Listing
  • Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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