2126 S Douglas Hwy - Fast Food FOR SALE


Gillette, WY 82718
$922,000 USD
513-300-0763
2126 S Douglas Hwy, Gillette, WY for Sale
$922,000 USD
Fast Food - FOR SALE
1/4
null | 6% Cap Rate

2126 S Douglas Hwy
Gillette, WY 82718


HIGHLIGHTS

  • ‘Low Rent’ QSR property with 27+ years of historical occupancy
  • Outparcel to Hobby Lobby-anchored center | Adjacent to #2 Visited Walmart Supercenter (3.1M Visitors) in Wyoming; per Placer.ai
  • Top national retailers, QSR Tenants, and hotels In 1-mile proximity
  • Store strategically situated on Douglas Highway (28,000 VPD) | Near I-90 entrance/exit
  • Papa Murphy’s: the largest Take ‘N’ Bake Pizza Brand in the $51 Billion Dollar pizza industry
  • Wyoming: Pro-Business state | Income tax free state

OVERVIEW

The team is pleased to present the rare opportunity to acquire the fee simple interest (land & building) in a freestanding Papa Murphy’s investment property, in the pro-business state of Wyoming. Papa Murphy’s has operated at this outparcel location next to Hobby Lobby, Harbor Freight, and Walmart since 1997. This quick-service pizza restaurant recently extended the lease by an additional three (3) years to continue their long-term operations at the subject property. Additionally, Security State Bank has an ATM on the subject property, which supplements this investment property’s income stream. This Papa Murphy’s property is the ideal investment opportunity for a passive investor looking for a freestanding QSR property with dynamic real estate fundamentals and a ‘diversified’ rental income stream. The subject property on Douglas Highway (28,000 VPD) directly services the residents and the trade area surrounding Wyoming’s third largest city. This location directly benefits from the synergy created by the national retailers surrounding the site including: Hobby Lobby, Harbor Freight Tools, Walmart Supercenter, Albertsons, Home Depot, Boot Barn and more. This Papa Murphy’s property is also adjacent to the Interstate 90 freeway entrance/exit, which runs through the city and connects Seattle WA, Spokane WA, Bozeman MT, Gillette WY, Sioux Falls SD, Madison WI, to eventually Chicago IL and beyond.

FOR SALE DETAILS

PRICE

$922,000 USD

PRICE/SF

$795 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Papa Murphy’s Pad to Hobby Lobby & Walmart

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Bank, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

Commercial

APN/PARCEL ID

R0025827

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.