2224 S Douglas Hwy - Storefront FOR SALE


Gillette, WY 82718
$3,083,333 USD
513-300-0763
2224 S Douglas Hwy, Gillette, WY for Sale
$3,083,333 USD
Storefront - FOR SALE
1/10
null | 6% Cap Rate

2224 S Douglas Hwy
Gillette, WY 82718


HIGHLIGHTS

  • Starbucks (NYSE: SBUX): Corporate-backed lease and income stream from investment grade credit tenant
  • Outparcel fronting #2 Visited Walmart Supercenter (3.1M visitors) in Wyoming, per Placer.ai
  • Brand new drive-thru / relocation store strategically situated on Douglas Highway (28,000 VPD per LandVision)
  • Embedded in dynamic retail corridor near Interstate 90 entrance/exit
  • Long term lease (no early termination) with rental increases every 5 years
  • Ease of management for investor

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,083,333 USD

PRICE/SF

$1,214 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks Drive-Thru fronting Walmart

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C1

APN/PARCEL ID

R0030708

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.