Contacts

Kody Watts

Peak Collective Real Estate - KW Commercial

Owner, Co-Founder

(801) 809-0914

Property Details

Property Type Retail
Property Size 1,770 SF
Lot Size 0.67 Acre
Cap Rate % 6.15
# of Floors 1
Average Floor Size 1,770 SF
Property Tenancy Single Tenant
Year Built 1971
Year Renovated 2023
Date Updated Feb 7, 2024

Peak Collective Real Estate with KW Commercial is pleased to present for sale 267 Bear River Dr, Evanston, Wy 82930.

The offering - A single tenant NNN leased investment with a recently signed 10yr lease. The tenant has outstanding financials with sales over 7 figures per year. Priced at a 6.15% cap rate the property produces a starting net operating income of $50,445/Yr. The property has 1,770 SF on .67 AC and is strategically located near Interstate-80 in an opportunity zone.

The property was built in 1971 and had a fully permitted extensive renovation completed in 2023. The renovation updates include a new parking lot & striping, fully built out tenant improvements, exterior building design renovation, lighting, stucco, paint, furnace, AC unit, duct distribution, roof, signage, & landscaping.

The lease has a 2% per year escalations and a 5 year option to renew. Tax incentives of closing before 2023 year end will allow you to have bonus depreciation of 80% with cost segregation which will be reduced to 60% in 2024.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Getting around

22/100
Walk Score ®
39/100
Bike Score ®

Powered by Walk Score ®

City Evanston, WY
Zip Code 82930

Points of Interest

Chevron

0.90 miles
Maverik

0.93 miles
Shell

2.04 miles
Chevron

2.05 miles
Tesla Supercharger

2.28 miles

Church Parking

1.23 miles

Jody's Diner

0.07 miles
Wendy's

0.76 miles
Costa Vida

0.85 miles
Taco Time

0.88 miles
Arby's

0.89 miles
McDonald's

0.89 miles
Legal Tender

1.63 miles
JB's Restaurant

2.10 miles

Walmart Supercenter

0.68 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

267 Bear River Drive