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2628 Dell Range Blvd 1,710 SF Retail Building Cheyenne, WY 82009 $2,802,927 ($1,639.14/SF) 6.15% Cap Rate
Investment Highlights
- Long-Term Income Stability: Features a 20-year initial term with four 5-year renewal options extending up to a potential 40-year total lease duration.
- Strong Guaranty Structure: Backed by a full, unconditional, joint-and-several guaranty
- Zero Landlord Responsibilities: the tenant is responsible for all taxes, insurance, utilities, and maintenance, including roof and structure
- Features 2% annual rent increases throughout the initial term
Executive Summary
TREK Investment Group is pleased to offer for sale Take 5 Oil Change in Cheyenne, WY. This 2023 constructed property is secured by a 20-year Absolute NNN lease featuring 2% annual rent increases throughout the initial term as well as each of the four 5-year renewal options, providing long-term income growth and stability backed by a strong national automotive service brand. The investment offers truly passive ownership with zero landlord responsibilities, as the tenant is responsible for all taxes, insurance, utilities, and maintenance, including roof and structure. Strategically located along Dell Range Blvd, one of Cheyenne's primary commercial corridors with traffic counts of +/- 18,300 VPD, the site benefits from high traffic exposure, proximity to national retail anchors including Menards, Chick-fil-A, and Starbucks, and dense surrounding residential neighborhoods.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
1,710 SF
Year Built
2023
Price
$2,802,927
Price Per SF
$1,639.14
Cap Rate
6.15%
NOI
$172,380
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.47 AC
Zoning
MUB
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-5635-0001-0007-0 | Improvements Assessment | $23,797 |
| Land Assessment | $35,517 | Total Assessment | $59,314 |
Property Taxes
Parcel Number
1-5635-0001-0007-0
Land Assessment
$35,517
Improvements Assessment
$23,797
Total Assessment
$59,314
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