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Alta: Rock Springs, WY 2506 Dewar Dr 2,395 SF Retail Building Rock Springs, WY 82901 $1,384,615 ($578.13/SF) 6.50% Cap Rate
Investment Highlights
- Absolute NNN lease features ±14.5 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
- Operating history of over 50 years.
- 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 the2395-square-foot Alta convenience store and gas station situated on 0.62 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
2,395 SF
Building Class
C
Year Built
1974
Price
$1,384,615
Price Per SF
$578.13
Cap Rate
6.50%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.00 AC
Parking
9 Spaces (3.76 Spaces per 1,000 SF Leased)
Frontage
185’ on Foothill Boulevard
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-1905-33-4-00-011.00 | Improvements Assessment | $16,569 |
| Land Assessment | $10,904 | Total Assessment | $27,473 |
Property Taxes
Parcel Number
04-1905-33-4-00-011.00
Land Assessment
$10,904
Improvements Assessment
$16,569
Total Assessment
$27,473
Contacts
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Thomas Carr -
Ty Grenier -
Christopher Bosworth -
Brian Pfohl -
Steve Stoecker -
Leah Lindell -
Abby Kelly -
CBRE
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