Applebee’s – 15Yrs Remaining – 7% CAP | Absolute NNN | Wyoming – Tax Free State | 174 Unit Franchisee

Agent Info

Deno Bistolarides

248.702.0288
denob@encorereis.com

Michael Gaggo

248.702.0287
mgaggo@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Request More Info

Offering Information

1401 Dell Range Blvd
Cheyenne, WY 82009

  • Price: $3,171,428
  • Cap. Rate: 7.00%
  • NOI: $222,000
  • Building Size: 5,685SF
  • Lot Size: 1.17 AC

Investment Highlights

  • Absolute Net Lease | Zero Landlord Responsibilities
  • Income Tax Free State
  • Strong Lease Guarantor from Experienced Restaurant Operator
  • Tenant has Operated at this Location Since 1991 | Strong Commitment
  • Attractive Annual Rental Escalations During Initial Term
  • Four (4), Five-Year Option Periods With Rental Escalations
  • Average Household Income Within 1 Mile Radius Exceeds $77,165
  • 84,504 People Within 5 Miles of the Subject Property | Median Home Value Within 1-Mile Radius: $223,965
  • Surrounding National Tenants Include: Walmart Supercenter, Sam’s Club, Menard’s, Chipotle, Starbucks, Chick-Fil-A, McDonald’s, Olive Garden, Target, Petco, Verizon, IHOP, Taco Bell, and more
  • Site is Located Across the Street From Frontier Mall with Tenants Including JC Penney, Dillard's, Chick-Fil-A, Sears, Zale's, Game Stop, and more
  • Subject Site is Located 2.50 Miles From Cheyenne Veterans Medical Center
  • Cheyenne is Located 100 Miles North of Denver, Colorado
  • Site is Located Adjacent to The 153rd Aircraft Wing & Cheyenne Regional Airport