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3209 E Grand Ave 5,060 SF of Retail Space Available in Laramie, WY 82070
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,060 SF | Negotiable | $50.25 CAD/SF/YR $4.19 CAD/SF/MO $254,281 CAD/YR $21,190 CAD/MO | Triple Net (NNN) |
1st Floor
The subject property is a single-tenant Applebee’s restaurant located at 3209 Grand Avenue in Laramie, Wyoming. The asset features a ±5,060-square-foot freestanding retail building situated on a ±1.49-acre parcel, just minutes from the University of Wyoming campus. Originally constructed in 1996 and renovated in 2005, the property is currently configured as a full-service Applebee’s restaurant but offers flexibility for conversion to a different retail or commercial use. Its adaptable layout and high-visibility location make it suitable for a wide range of users. Positioned along Grand Avenue—Laramie’s primary east-west commercial corridor and a direct connector to Interstate 80—the property benefits from steady traffic and proximity to major demand drivers such as the University of Wyoming (13,400+ students), Laramie County Community College, Ivinson Memorial Hospital, and national retailers including Walmart, Walgreens, McDonald’s, Starbucks, and Taco Bell. Lease Terms: • New 15-year Primary Term • TRIPLE NET LEASE • Rents increases = Lesser of 1.25% x CPI up to 1.5% • Four x 5-year renewal options
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 3209 E GRAND AVE, LARAMIE, WY 82070
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Applebee's
- Restaurant
- 1,712
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Applebee's | Restaurant | 1,712 | International |
PROPERTY FACTS
| Total Space Available | 5,060 SF | Gross Leasable Area | 5,060 SF |
| Property Type | Retail | Year Built | 1996 |
| Property Subtype | Restaurant |
| Total Space Available | 5,060 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 5,060 SF |
| Year Built | 1996 |
NEARBY MAJOR RETAILERS
Presented by
Advantage V Incorporated, LLC
3209 E Grand Ave
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