1300 S Poplar St - Restaurant FOR SALE


Casper, WY 82601
$2,027,008 USD
307-432-7578
1300 S Poplar St, Casper, WY for Sale
$2,027,008 USD
Restaurant - FOR SALE
1/7
null | 6.25% Cap Rate

1300 S Poplar St
Casper, WY 82601


OVERVIEW

Coldwell Banker Commercial is pleased to present the opportunity to acquire a high-quality, single-tenant retail asset leased to Pizza Hut and located in Casper, WY (the “Property”). This ±1,557 square foot freestanding building is situated on a spacious 0.72-acre parcel and is secured by an Absolute NNN lease, offering investors a truly passive investment with zero landlord responsibilities. At the close of escrow, a new 20-year lease will commence with the existing operator, including 2% annual increases (beginning in Year 7) and 4, 5-Year renewal options – underscoring the tenant’s long-term commitment to the site. Prominently positioned on a signalized hard corner, the Property enjoys excellent visibility, strong traffic counts, and multiple points of ingress and egress. It is strategically integrated into a vibrant neighborhood, surrounded by established national brands and adjacent to a thriving residential area. This offering represents an exceptional opportunity to acquire a stable, management-free asset backed by a globally recognized brand, with strong real estate fundamentals and a long-term lease structure designed to deliver durable income and reliable appreciation. Global Brand + Proven Operator - Pizza Hut, a globally recognized brand and subsidiary of Yum! Brands (NYSE: YUM), manages 20,000+ locations worldwide, with this location operated by Grand Mere Restaurant Group, a highly regarded and experienced franchisee with a portfolio of 150+ Pizza Huts across multiple states, reflecting operational strength and stability Effortless Income Stream - This Absolute NNN lease requires no landlord responsibilities and boasts 20 years of term along with annual bumps and 4, 5-Year options, offering investors a dependable and secure income stream with passive, hands-off management Community Mainstay - Positioned within a vibrant and growing residential community and surrounded by a mix of national and destination retailers, the Property enjoys a strategic location well-suited for its current tenancy, within an area undergoing notable demographic growth and revitalization, further enhancing the long-term viability and appeal of this asset

FOR SALE DETAILS

PRICE

$2,027,008 USD

PRICE/SF

$1,302 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

-

APN/PARCEL ID

33-79-08-4-2-300100,33-79-08-4-2-300200

ASK ABOUT THIS PROPERTY

Ben TrautweinColdwell Banker - The Property Exchange, Inc.More Info
307-432-7578

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Ben TrautweinColdwell Banker - The Property Exchange, Inc.More Info
307-432-7578

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.