4505 Ridge Rd | Cheyenne, WY 82001
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4505 Ridge Rd
Cheyenne, WY 82001
Mavrik · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LONG TERM LEASE - There are just over 12 years remaining on the initial term of the lease.
- NO STATE INCOME TAX - There is no corporate or personal state income tax and no sales and use tax on fuel, power, or raw materials used.
- ZERO LANDLORD RESPONSIBILITY - Absolute Triple Net Lease. There are Zero Management responsibilities.
- BONUS DEPRECIATION - Fee simple ownership of a Gas Station provides the landlord the opportunity to use accelerated Bonus depreciation model.
- RENTAL INCREASES - 7.5% Rental increases every five years during the base term and option periods.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Service Station
Building Size
2,400 SF
Building Class
C
Year Built
1977
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.53 AC
Zoning
NB
Parking
13 Spaces (5.9 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 1-5093-0001-0001-0 | Improvements Assessment | $123,875 |
| Land Assessment | $75,148 | Total Assessment | $199,023 |
PROPERTY TAXES
Parcel Number
1-5093-0001-0001-0
Land Assessment
$75,148
Improvements Assessment
$123,875
Total Assessment
$199,023
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