x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Dollar General, Casper, WY

Dollar General

Casper, WY

Price $2,148,000
Cap Rate 5.35%
NOI $114,873
Lease Term 15 Years
Lease Type Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, Maintenance, And Repair, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years In Option Periods
Year Built 2022
Building Size 0.98 Acres (42,689 SF)
Lot Size 10,640 SF
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY TO GROWING RETAIL TENANT
» New 15-year Absolute NNN lease to growing retail tenant
» Corporate guaranty (NYSE: “DG”)
» 10% rental increases in initial term and option periods, providing a hedge against inflation
» No landlord management, with the tenant responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» Ideal investment opportunity for an out-of-area investor

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General’s annual revenue exceeds $34.2 billion
» Dollar General Ranked #91 on Fortune 500 list in 2021 (the 21-place jump into the Top 100 reflects the company’s exceptional growth)
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General operates more than 18,130 locations in 46 states and has plans for significant future growth

STRATEGIC LOCATION WITH HIGHWAY ACCESS
» Located West Yellowstone Highway/U.S. Highway 26, which experiences a traffic count of 15,460 vehicles per day near the site
» Serving the community west of North Platte River that runs through Casper with minimal competition
» Population of 58,685 people within a five-mile radius

NEW 2022 CONSTRUCTION
» High-quality 2022 construction built to Dollar General’s latest


Property Description

» Centrally located on West Yellowstone Highway/U.S. Highway 26, which experiences a traffic count of 15,460 vehicles per day near the site
» West Yellowstone Highway/U.S. Highway 26 is a major east-west corridor in Wyoming
» Serving the community west of North Platte River that runs through Casper with minimal competition
» Population of 58,685 people within a five-mile radius
» The City of Casper is a recreation-filled town, where visitors and locals an enjoy everything from skiing at Hogadon basin to hiking, fishing, and golfing
» Walking distance from Mountain View School (207 students), providing the site with an immediate customer source

Contact Us About This Property

Mike & Scott & Vince & Ryan Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link