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514 E Pershing Ave - Family Dollar/Lincare Center (Corp. Leases)

14,703 SF Retail Building Offered at $750,000 at a 8.25% Cap Rate in Riverton, WY

Highlights

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

Investment Summary

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.

The Offering

  • Listing ID: 15106896
  • Date Created: 9/4/2018
  • Last Updated:

Attachments

Family Dollar and LinCare Center June 2019 OM

NNN Tenant Information

Tenant SF Occupied Lease End Date
Family Dollar 9,000 June 2020
LinCare 3,903 August 2019

Traffic

Collection Street Cross Street Traffic Vol Year Distance
Gas Hills Rd Riverton Oil Field Rd, S 1,284 2018 2.25 mi
US Hwy 26 Haymaker Rd, N 8,588 2018 2.37 mi
Gas Hills Rd Sand Draw Rd, W 241 2018 2.93 mi
Sand Draw Rd Gas Hills Rd, NW 730 2018 5.22 mi
17 Mile Rd Left Hand Ditch Rd, W 1,352 2018 5.26 mi
Walk Score ®
Very Walkable (79)
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.®

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

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