1401 Dell Range Blvd
Cheyenne, WY 82009
Applebee's · Retail Property For Sale

This Applebee’s property offers investors a rare opportunity to acquire a stabilized, single-tenant net-lease asset located at a highly visible signalized intersection in Cheyenne, Wyoming. The property is operated by Flynn Group, Applebee’s largest franchisee worldwide with over 460 units, ensuring experienced management and operational strength. The existing absolute triple-net lease runs through December 2032 and includes four five-year renewal options, providing a long-term, income-generating investment.
The building has been continuously occupied by Applebee’s since its construction in 1992 and will undergo a planned refresh in 2026, featuring new signage, upgraded interior finishes, and landscaping improvements. Located on Dell Range Boulevard, Cheyenne’s primary retail corridor, the property benefits from strong consumer traffic driven by proximity to the 524,000-square-foot Frontier Mall and major national retailers such as Walmart, Lowe’s, Target, and Kohl’s. With Cheyenne serving as the state capital and largest metropolitan area in Wyoming, the site enjoys a robust local economy supported by government, healthcare, energy, and retail sectors. The offering is delivered free and clear of existing debt on an as-is basis.