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1766 Coffeen Ave
Sheridan, WY 82801
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High Residual Retail Drive-Thru Asset – Priced Well Below Replacement Cost - Extremely Hard to Find
- Established Location with Exceptional Store Sales – No other Pharmacy Competition for 50+ Miles
- Rare Wyoming Net Lease Opportunity in Income Tax Free State with Immediate Bonus Depreciation
- Long Term History at Site with Strong Reported Sales
- Strategic Hard-Corner Location Adjacent to Walmart, Home Depot & Albertsons – Central Retail Trade Hub off I-90
- Hands-Free Investment - Absolute NNN Lease with No Landlord Responsibilities and High Likelihood of Renewal
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Walgreens asset located in Sheridan, WY (“the Property”). The Property consists of a +/- 14,550 square foot freestanding building, on 1.73 acres of land. Walgreens has operated at this location since the Property was built in 2005, demonstrating their success and commitment to this location. Additionally, Walgreens is operating under an Absolute NNN lease with zero landlord responsibilities, demonstrating their success and commitment to this location. See Lease Abstract for full details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,550 SF
Building Class
B
Year Built
2005
Price
$3,487,500
Price Per SF
$239.69
Cap Rate
8%
NOI
$279,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.73 AC
Zoning
C
Parking
48 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
209’ on Coffeen Ave
PROPERTY TAXES
| Parcel Number | 03-5684-35-3-65-001-25 | Improvements Assessment | $250,889 |
| Land Assessment | $56,307 | Total Assessment | $307,196 |
PROPERTY TAXES
Parcel Number
03-5684-35-3-65-001-25
Land Assessment
$56,307
Improvements Assessment
$250,889
Total Assessment
$307,196
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