4505 Ridge Rd - Service Station FOR SALE


Cheyenne, WY 82001
$5,595,000 USD
714-875-2400
4505 Ridge Rd, Cheyenne, WY for Sale
$5,595,000 USD
Service Station - FOR SALE
1/8
null | 5.5% Cap Rate

4505 Ridge Rd
Cheyenne, WY 82001


OVERVIEW

-LONG TERM LEASE - There are 10+ years remaining on the initialterm of the lease. Which is followed by four, 5-years options. -CORPORATE GUARANTEE - Maverik - Adventure's FirstStop, acquired Kum & Go in 2023. Together, Maverik and Kum & Go have over 800+ locations, making it the largest independent fuel marketer in the Intermountain West and the 12th largest convenience store operator in the US. -100% BONUS DEPRECIATION - Fee simple ownership of a Gas Station provides the landlord the opportunity to use accelerated Bonus depreciation model. Consulting your Accountant or Tax Attorney is advised. -RECENT ROAD IMPROVEMENTS - City funded improvements at the corner of Dell Range Blvd & Ridge Rd, where the property is located, increased traffic flow and cite accessibility -NO STATE INCOME TAX - There is no corporate or personal state income tax and no sales and use tax on fuel, power, or raw materials used in the manufacturing process. -RENTAL INCREASES - 7.5% Rental increases every five years during the base term and option periods. -ZERO LANDLORD RESPONSIBILITY - Absolute Triple Net Lease. There are Zero Management responsibilities, perfect for buyers looking for a “hands-off ”investment.

FOR SALE DETAILS

PRICE

$5,595,000 USD

PRICE/SF

$2,331 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maverik

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

NB

APN/PARCEL ID

1-5093-0001-0001-0

ASK ABOUT THIS PROPERTY

Paul MatusikPrime Net LeaseMore Info
714-875-2400

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Paul MatusikPrime Net LeaseMore Info
714-875-2400

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