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Take 5 Oil Change 404 Greeley Hwy 1,738 SF Retail Building Cheyenne, WY 82007 $3,481,081 CAD ($2,002.92 CAD/SF) 6.15% Cap Rate
Investment Highlights
- Features 2% annual rent increases throughout the initial term and four, 5-year renewal options
- Located within a Qualified Opportunity Zone, offering investors the potential for significant tax incentives and long-term tax advantages
- Reciprocal Easement Agreement (REA): Benefits from non-exclusive perpetual easements for access and maintenance with adjacent parcels
- Zero Landlord Responsibilities: the tenant is responsible for all taxes, insurance, utilities, and maintenance, including roof and structure
- Situated on South Greeley Highway, a primary commercial artery in Cheyenne, surrounded by national retail anchors and dense residential neighborhoods
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,738 SF
Building Class
C
Year Built
2025
Price
$3,481,081 CAD
Price Per SF
$2,002.92 CAD
Cap Rate
6.15%
NOI
$214,086 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.75 AC
Opportunity Zone
Yes
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-1090-0001-0002-0 | Improvements Assessment | $0 CAD |
| Land Assessment | $23,937 CAD | Total Assessment | $23,937 CAD |
Property Taxes
Parcel Number
1-1090-0001-0002-0
Land Assessment
$23,937 CAD
Improvements Assessment
$0 CAD
Total Assessment
$23,937 CAD
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Take 5 Oil Change | 404 Greeley Hwy
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