1616 E Pershing Blvd - Freestanding FOR SALE


Cheyenne, WY 82001
$19,250,000 USD
307-214-6688
1616 E Pershing Blvd, Cheyenne, WY for Sale
$19,250,000 USD
Freestanding - FOR SALE
1/38
null | 8% Cap Rate

1616 E Pershing Blvd
Cheyenne, WY 82001


HIGHLIGHTS

  • NNN 8% CAP Rate Retail Opportunity
  • 7.04 Acres
  • Commercial Business Zoned

OVERVIEW

1616 Pershing is a prime multi-tenant investment with high visibility and strong foot traffic, strategically located on Pershing Blvd next to the brand-new Derby Club. Offered at an 8% CAP rate, this property delivers steady income and investment upside in a thriving commercial corridor. Anchored by Gold’s Gym, and complemented by a diverse tenant mix that includes The Office Bar & Grill, Cheyenne Regional Medical Center, HUB Insurance, and WYoMovies.com, this property benefits from long-term stability and high demand. Situated on a 7-acre parcel, the site offers ample parking, enhancing convenience for both customers and employees. The mix of NNN and gross leases ensures minimal landlord responsibility while providing predictable cash flow. With a well-balanced blend of retail, office, dining, and entertainment tenants, this property reduces risk exposure and offers a diverse income stream. Whether you're looking for stable long-term income or an asset with strong future upside, this investment presents an outstanding opportunity in a thriving commercial corridor.

FOR SALE DETAILS

PRICE

$19,250,000 USD

PRICE/SF

$242 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pershing Plaza NNN Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Health Club, Movie Theatre

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.04 AC

LAND SF

306,662 SF

ZONING

CB

APN/PARCEL ID

1-3448-0028-0001-1

ASK ABOUT THIS PROPERTY

Rob GrahamColdwell Banker - The Property Exchange, Inc.More Info
307-214-6688

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

Rob GrahamColdwell Banker - The Property Exchange, Inc.More Info
307-214-6688

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