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3411 Ridge Rd - Church's Chicken

1,850 SF Retail Building Offered at $3,140,000 at a 6.25% Cap Rate in Cheyenne, WY

Highlights

  • 2019 Build-To-Suit
  • 20-Year Absolute NNN Lease
  • 2.00% Annual Increases
  • 85,000+ Population within 5-Miles
  • $66,000+ Avg. Household Income within 1-Mile
  • Two High-Net-Worth Personal Guarantors

Investment Summary

Embree Capital Marketing Group is pleased to offer for sale to a qualified investor a unique freestanding Church's Chicken quick-serve restaurant triple-net-leased to a growing franchisee. The location is a newly build-to-suit for the tenant on a 20-year absolute NNN basis with attractive 2.00% annual rental increases. This is an opportunity for an investor to acquire a well-located asset in a desirable Wyoming geography.

The Offering

  • Listing ID: 17541759
  • Date Created: 10/24/2019
  • Last Updated:

Links

Attachments

Offering Memorandum - Church's Chicken - Cheyenne, WY RDZ 001

Major Tenant Information

Tenant SF Occupied Lease End Date
Church's Fried Chicken 1,850 October 2039

Traffic

Collection Street Cross Street Traffic Vol Year Distance
E Lincolnway McCann Ave, NE 10,023 2018 0.37 mi
N College Dr E Lincolnway, S 14,932 2018 0.41 mi
Greenway St N College Dr, W 181 2018 0.47 mi
E Lincolnway Pinion Dr, E 14,694 2018 0.52 mi
N College Dr Rawlins St, S 15,216 2018 0.69 mi
Walk Score ®
55
Somewhat Walkable
Bike Score ®
49
Somewhat Bikeable
What is a Walk Score®, Transit Score® & BikeScore®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

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