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Meineke/AAMCO 1625 Dell Range Blvd 7,760 SF 100% Leased Retail Building Cheyenne, WY 82009 $1,950,000 ($251.29/SF) 6.80% Cap Rate
Executive Summary
This is an excellent investment opportunity with established businesses that has been in place for over 30 years. The current CAP rate, utilizing the current asking price, is approximately 6.8%. There are potentially nine years left in both absolute triple net leases. This is located along the Golden Retail Mile of Dell Range Blvd. with over 30,000 ADT – the highest traffic count in the entire state of Wyoming.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
7,760 SF
Building Class
B
Year Built
1993
Price
$1,950,000
Price Per SF
$251.29
Cap Rate
6.80%
NOI
$132,600
Percent Leased
100%
Building Height
1 Story
Building FAR
0.22
Lot Size
0.80 AC
Fairly walkable
50/100
Very drivable
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-5685-0004-0005-0 | Improvements Assessment | $22,422 |
| Land Assessment | $27,855 | Total Assessment | $50,277 |
Property Taxes
Parcel Number
1-5685-0004-0005-0
Land Assessment
$27,855
Improvements Assessment
$22,422
Total Assessment
$50,277
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Meineke/AAMCO | 1625 Dell Range Blvd