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514 E Pershing Ave

Riverton, WY 82501 · Retail For Sale

Investment Highlights

  • Shopping Center Anchored By Family Dollar and Lincare (Corporate Guarantees)
  • Large Lot with Excellent Frontage Along Pershing Avenue and One Block from North Federal Ave ($14M in Recent Upgrades)
  • Family Dollar Extended Lease in 2015 for Additional 5 Years and Has Options to Extend
  • Located Near McDonald's, Walgreens, Wells Fargo (Branch has $78M+ in Deposits)
  • Remodeled/Expanded in 2005 and 2010
  • In 2017 LinCare Extended Lease 2-Years and Added Options to Extend

Property Facts

Property Type
Property Subtype
Building Size
Building Class
Property Type
Property Subtype
Building Size
Building Class
Year Built
Property Type
Property Subtype
Building Size
Building Class
Year Built
Price
Tenancy
Building Height
Building FAR
Land Acres
Retail
Freestanding
14,703 SF
C
Retail
Freestanding
14,703 SF
C
1982
Retail
Freestanding
14,703 SF
C
1982
Upon Request
Multiple
1 Story
0.28
1.22 AC
Year Built
Price
Tenancy
Price
Tenancy
Building Height
Building FAR
Land Acres
1982
Upon Request
Multiple
Upon Request
Multiple
1 Story
0.28
1.22 AC
Building Height
Building FAR
Land Acres
1 Story
0.28
1.22 AC
Parking
Opportunity Zone
43 Spaces (2.92 Spaces per 1,000 SF Leased)
No
  • Listing ID: 15106896
  • Date Created: 2/7/2019
  • Last Updated:

About 514 E Pershing Ave , Riverton, WY 82501

Marcus & Millichap is pleased to market for sale the Family Dollar/LinCare Shopping Center in Riverton, Wyoming. Both of the tenants offer corporate guarantees and have recently extended their lease terms showing commitment to the site and sub-market. Located in a main commercial corridor of Riverton, the property is near McDonald's, KFC, Walgreens, Wells Fargo Bank, Ace Hardware, Boot Barn with multiple other national retailers and hotels nearby. The Riverton City Police Department is also just across the parking lot. This property presents a rare opportunity to purchase a turnkey investment property in an income tax free state at a attractive 8.5% return with additional upside by leasing up the 1,800 square foot vacancy.

PROPERTY TAXES

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