440 Main St - Convenience Store FOR SALE


Thayne, WY 83127
$1,680,000 USD
513-300-0763
440 Main St, Thayne, WY for Sale
$1,680,000 USD
Convenience Store - FOR SALE
1/3

440 Main St
Thayne, WY 83127


HIGHLIGHTS

  • Lease Type NN+
  • Original Lease Term 15 Years
  • Lease Expiration Date 9/30/2033
  • Term Remaining on Lease ±9.25 Years
  • Increase $5,250 in year 5 & Options
  • Options Six, 5-Year Options

OVERVIEW

LEASE & LOCATION ? 2015 Built-to-suit construction for Family Dollar Tree ? Due to strong performance, site was expanded in 2023 and a new lease was signed ? 10-Year NN+ lease w/ limited landlord responsibilities ? Extremely rare base term increase of $5,250 in year 5 ? Thayne is located ±50 miles south of the popular ski town of Jackson Hole ? Wyoming is an income tax free state ? The subject property comes with a transferable roof warranty. ? Six, 5-Year Options with rent increases of $5,250 ($0.50 PSF) ? Extremely strong corporately guaranteed lease TENANT ? Family Dollar Tree Combo stores have proven 20% higher sales volume than non co- ? branded stores ? Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second- ? largest discount retailer in the United States with more than 16,000 locations ? Dollar Tree boasts an investment-grade credit rating of BBB- ? Dollar Tree has thrived through the COVID pandemic and witnessed a sharp ? increase in same-store sales and profitability

FOR SALE DETAILS

PRICE

$1,680,000 USD

CAP RATE

7.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar - Dollar Tree - Thayne, WY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

-

APN/PARCEL ID

3419-231-00-082.00,3419-231-00-121.00

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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