This freestanding Advance Auto Parts store offers investors a rare opportunity to acquire a stabilized, net-leased retail asset in the heart of Cheyenne, Wyoming’s primary commercial corridor. Located at 1109 E Lincoln Way, the property benefits from exceptional visibility and access, with traffic counts exceeding 17,850 vehicles per day and proximity to the I-25/I-80 interchange just 3.5 miles away. The site spans 0.77 acres and includes 36 dedicated parking spaces, supporting both convenience and customer volume.
Advance Auto Parts has operated at this location since 2008, demonstrating a strong 17-year operating history and commitment to the market. The tenant recently extended its lease through December 2031, with three additional 5-year renewal options that include 7% rent escalations. The current lease generates $115,500 in annual net operating income, offering passive cash flow with minimal landlord responsibilities under a true NNN structure.
Surrounded by national retailers such as AutoZone, McDonald’s, Walmart, and Domino’s, the property sits within a vibrant retail corridor that serves a growing population of over 58,000 within a 3-mile radius. Cheyenne’s diversified economy, anchored by major employers like F.E. Warren Air Force Base and the US Air National Guard, supports strong retail fundamentals and long-term investment stability. With a cap rate of 7.0%, this asset is ideal for investors seeking recession-resilient income backed by a national credit tenant.