OFFERING SUMMARY:

PRICE: $3,091,000
CAP RATE: 5.50%
BUILDING SIZE: 4,408 Sq Ft
NOI: $170,016
YEAR BUILT | RENOVATED: 1972 | 2021
LOT SIZE: +/- 0.41 Acres

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HIGHLIGHTS:

  • 14 Plus Years Remaining | Scheduled Rental Increases
    CCP Holdings. LLC corporate guaranteed lease which has over 14 years remaining on initial lease term with two, five-year options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and continuing into the option periods, growing NOI and hedging against inflation.
  • NNN Lease with Limited Landlord Responsibilities
    Tenant pays for CAM, taxes, and insurance and the Landlord’s responsibilities are limited to outer four walls & foundation only. This property is an ideal, low-management investment for a passive investor.
  • Primary Retail Corridor | Hilltop Shopping Center | Eastridge Mall (569,000 Square-Feet)
    The subject property is in a primary retail corridor with other nearby national/ credit tenants including Walmart Supercenter, Sam’s Club, The Home Depot, Walgreens, and more. It is also located less than a half-mile from Hilltop Shopping Center, a local center with major tenants including Albertsons and Hobby Lobby. Additionally, the property is located west of Eastridge Mall, a 569,000 square-foot mall with major tenants including Target, Dick’s Sporting Goods, and more.
  • Strong Demographics in a Five-Mile Trade Area
    There are roughly 60,000 people that live in a five-mile radius of the subject property with an average household income of $84,000 plus. Casper, Wyoming is home to world-class outdoor recreational opportunities, a vibrant down-town and welcoming, friendly locals. Casper is home to iconic landscapes waiting to be explored, touchable history waiting to be experienced, amazing food waiting to be devoured and endless things to do around every corner.

EXCLUSIVELY LISTED BY:

DOMINIC SULO
Senior Vice President Investments
Senior Director, Net Lease Properties Division
(630) 570-2171
dominic.sulo@marcusmillichap.com

Co-Listed With:
CHAD LIEBER
First Vice President

WYOMING BOR
Adam Lewis
Lic #RE-16571