Speedway 7172 Parks hwy 4,581 SF 100% Leased Retail Building Wasilla, AK 99654 $2,741,538 ($598.46/SF) 6.50% Cap Rate

The Kase Group is pleased to exclusively offer 7172 West Parks Highway, a single-tenant retail property in Wasilla, Alaska, priced at $2,741,538 at a 6.50% going-in cap rate. The asset is leased on an absolute NNN basis, generating $178,200 in annual rent ($14,850 per month).

The lease commenced January 1, 2004 and carries structured rent growth of 10% every five years. The lessee holds four separate renewal options; the second option has been exercised, extending the term December 31, 2024 through December 30, 2029, with two 5-year options remaining. The property fronts West Parks Highway, the primary retail and travel corridor of the fast-growing Mat-Su Valley.
The property located at 7172 West Parks Highway sits in a highly accessible and commercially active neighborhood just outside the main hub of Wasilla, typically falling within the Meadow Lakes area. As the Parks Highway is the major transportation artery connecting Anchorage to Fairbanks, the immediate vicinity is practical and convenience-driven, featuring gas stations, local retail, and service businesses that cater to both daily commuters and long-haul travelers.