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Views: 198 DOM: 388 Updated: 09.24.24 Posted: 11.29.23 Status: Active

Summary

Price $6,600,000
Built/Renov 1999
Tenant Pilot
Cap Rate 4.95%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,147
Lease Start 04-14-2022
#Units 650
Price/SF $543.34
Expiration 04-13-2042
Tenant Type Convenience/Gas
NOI $327,000
R. Term 17.3
Ownership Fee Simple
Rent/SF $26.92
Increases 10.0%/4/yrs
Pop 5Mi 738
Lot/AC 8.48
Options 4/5yrs/10%
AHHI 5Mi $72,435

Lease Highlights

  • Pilot has 18+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Pilot is conveniently located on N U.S. Highway 30/ WY State Hwy 89 which sees 1,755+ vehicles passing by daily. Additionally, it is near the intersection at Main St. which has 1,043 vehicles per day. The property has 116,100 annual visits and is ranked 24 out of 203 for Wyoming gas stations & convenience stores (Placer.ai). This location benefits from being positioned at the western boundary...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Pilot Travel Centers LLC (“Pilot” or “PTC”) is the largest operator of travel centers in North America. The company operates primarily under the names Pilot or Flying J. Pilot’s travel centers...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
US Hwy 30 Birch Creek Ln 2003 2,900 0.26 mi
US Hwy 30 Birch Creek Ln 2003 3,000 0.30 mi
East Main Street N Sage St 2018 1,248 0.30 mi
East Main Street Pearl St 2021 1,043 0.52 mi
Wyoming State Highway 232 Bcm Rd 4211 2021 172 1.08 mi
State Hwy 232 Bcm Rd 4211 2003 350 1.65 mi

Listing Broker

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