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530 Running W Dr - 530 Running W Dr Suite 100 10,000 SF Health Care Building Offered at $1,500,000 at a 6.40% Cap Rate in Gillette, WY 82718
Executive Summary
• Location: 530 Running W Drive Suite 100, Gillette WY 82718
o Located directly across the street from the Campbell County Rec Center, and very close to 2 high schools, middle schools and elementary schools. It is also surrounded by a retail plaza and other healthcare spaces
• Built-in Advertising
o The office faces Enzi Drive, a main road that goes through the Gillette. Easy to see from the road
• Major Tax Advantages of Wyoming
o Zero state income tax (no corporate income tax, no personal income tax, and no gross receipts tax)
o Abnormally Low property taxes
? Some of the lowest rates in the country (about 0.53%) with a 9.5% Commercial assessment rate
• 3,600 SF
• $1,500,000 price at a 6.4% cap rate
• Tenant is part of SDB (Specialty Dental Brand), a nationally recognized Dental group.
• NOI $96,000 per year / $8,000 per month
• 7 Year NNN Lease with 3% annual increases. LED 12/31/2033 with renewal options until 2039
• The current HOA maintenance makes for a passive ownership structure.
o Located directly across the street from the Campbell County Rec Center, and very close to 2 high schools, middle schools and elementary schools. It is also surrounded by a retail plaza and other healthcare spaces
• Built-in Advertising
o The office faces Enzi Drive, a main road that goes through the Gillette. Easy to see from the road
• Major Tax Advantages of Wyoming
o Zero state income tax (no corporate income tax, no personal income tax, and no gross receipts tax)
o Abnormally Low property taxes
? Some of the lowest rates in the country (about 0.53%) with a 9.5% Commercial assessment rate
• 3,600 SF
• $1,500,000 price at a 6.4% cap rate
• Tenant is part of SDB (Specialty Dental Brand), a nationally recognized Dental group.
• NOI $96,000 per year / $8,000 per month
• 7 Year NNN Lease with 3% annual increases. LED 12/31/2033 with renewal options until 2039
• The current HOA maintenance makes for a passive ownership structure.
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Bed | $1,500,000 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 10,000 SF |
| Cap Rate | 6.40% | No. Beds | 1 |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2015 |
| Property Subtype | Skilled Nursing Facility | ||
| Zoning | C1/PUD - C1 - General Commercial Zoning | ||
| Price | $1,500,000 |
| Price Per Bed | $1,500,000 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Sale Condition | 1031 Exchange |
| Property Type | Health Care |
| Property Subtype | Skilled Nursing Facility |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 10,000 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built | 2015 |
| Zoning | C1/PUD - C1 - General Commercial Zoning |
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R0059910 | Improvements Assessment | $47,744 |
| Land Assessment | $7,980 | Total Assessment | $55,724 |
Property Taxes
Parcel Number
R0059910
Land Assessment
$7,980
Improvements Assessment
$47,744
Total Assessment
$55,724
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530 Running W Dr - 530 Running W Dr Suite 100