We are pleased to present the rare opportunity to acquire fee simple interest (land & building) in a brand new,
drive-thru, freestanding Starbucks property in the pro-business state of Wyoming. Starbucks has chosen
this outparcel in front of Walmart, Hobby Lobby, and Harbor Freight as a relocation opportunity for their
newest corporate drive-thru prototype. This quick-service coffee restaurant just opened in March 2024,
and kicked off a fresh 10+ year lease with 10% rental increases occurring every 5 years of the lease term.
In addition to the corporate-backed lease, Starbucks does not have the right to terminate the lease early,
which provides additional security and stability for an investor. This brand new Starbucks property is the
ideal investment opportunity for a passive investor looking for a drive-thru QSR property with a premier,
investment-grade tenant (BBB+).
The subject property on Douglas Highway (28,000 VPD) directly services the residents and the primary
trade area of Wyoming’s third largest city. This location directly benefits from the synergy created by the
national retailers surrounding the site including: Walmart Supercenter, Hobby Lobby, Harbor Freight Tools,
Albertsons, Home Depot, Boot Barn and more. This Starbucks 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.