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Alta: Rock Springs, WY 1640 Elk St 4,744 SF Retail Building Rock Springs, WY 82901 $4,344,182 ($915.72/SF) 6.25% Cap Rate
Investment Highlights
- Operating history of over 12 years.
- Absolute NNN lease features ±14.5 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
- 7.5% rent increases in 2031, 2036 and in each of the four 5-year renewal options.
Executive Summary
CBRE is pleased to exclusively offer for sale the 4,744-square-foot Alta convenience store and gas station situated on 3.73 acres in Rock Springs, WY. Alta’s absolute NNN lease features ±14.5 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
Business is not for sale.
Business is not for sale.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
4,744 SF
Building Class
C
Year Built
1993
Price
$4,344,182
Price Per SF
$915.72
Cap Rate
6.25%
NOI
$271,511
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
3.73 AC
Parking
47 Spaces (9.91 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-1905-23-2-00-032.00 | Improvements Assessment | $200,046 |
| Land Assessment | $46,331 | Total Assessment | $246,377 |
Property Taxes
Parcel Number
04-1905-23-2-00-032.00
Land Assessment
$46,331
Improvements Assessment
$200,046
Total Assessment
$246,377
Contacts
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Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Ty Grenier -
Steve Stoecker -
Leah Lindell -
Abby Kelly -
CBRE
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