3738 Cy Ave
Casper, WY 82604
Pizza Hut & Wing Street · Retail Property For Sale

EXCELLENT NNN INVESTMENT SALE!!! - For sale at $1,253,528 - 6.15% cap rate - 15-year NNN lease with Pizza Hut At closing, this property will be operating under a brand new, 15-year Absolute-Net lease, under which the Tenant is responsible for all real estate taxes, insurance, and property maintenance. The property's NOI is $77,092. The lease will feature 1% annual rental increases starting year 11, providing the landlord the benefit of compounding rent growth, and a strong hedge against inflation. GLA 3,626 SF. Lot Size 0.58 AC. Year built 1980, with scheduled remodel 2022. - Absolute Triple-Net (NNN) Sale-Leaseback - At closing, this property will be operating under a brand new, 15-year Absolute-Net lease, under which the Tenant is responsible for all real estate taxes, insurance, and property maintenance. - Lease backed by substantial 148+ Unit Franchisee - The lease will be backed by GMRG ACQ 1, LLC, one of the largest Pizza Hut franchisees in the United States with 148+ units under management and annual revenues in excess of $133 million. - Global Brand – Largest Pizza Company in the World - Pizza Hut has more than 16,000 restaurants in 100+ countries and has become the largest pizza company globally. With $5.5B in annual revenue, they are the 10th largest restaurant company in the US. - Ample Rent Growth with 1% Annual Increases Year 11 - The lease will feature 1% annual rental increases starting year 11, providing the landlord the benefit of compounding rent growth, and a strong hedge against inflation. Great investment opportunity. Ideally located off of Hwy 220, this property has visibility from over 12,557 vehicles passing per day. Please feel free to reach out to me to discuss further details or to assist you with any of your real estate needs. I look forward to talking with you soon! Kody Watts Uinta Realty, Inc. 801-809-0914 KodyWattsUintaRealty@gmail.com (License # RE-15364)