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505 N Center St 30,950 SF Industrial Building Casper, WY 82601 $4,663,657 CAD ($150.68 CAD/SF) 8.75% Cap Rate
Investment Highlights
- Recently Extended Lease - Quality Brands executed a lease amendment effective February 15, 2026, extending the lease through January 31, 2032.
- Operationally Important Facility - The property is used for wholesale beverage distribution and includes warehouse, office and cold-storage functional
- Attractive Going-In Yield - The offering is priced at an 8.75% capitalization rate based on the underwritten NOI of $293,677.
- Established Regional Tenant - Quality Brands is a family-owned beverage distributor operating a multi-state distribution network across Nebraska, Sout
- Modified-Net Lease Structure - The tenant pays real estate taxes directly, pays for insurance, contracts for utilities where possible, maintains most
- Central Casper Location - The property is located near downtown Casper with access to the city's primary commercial and transportation corridors,
Executive Summary
This offering presents the opportunity to acquire 505 N Center St, a 39,322-square-foot industrial and cold-storage distribution facility in Casper, Wyoming, leased to Quality Brands Distribution, LLC.
The property is offered for $3,356,308, representing an 8.75% cap rate on NOI of $293,677 and an acquisition price of approximately $85.00 per square foot—an attractive basis well below the replacement cost of a comparable facility.
Quality Brands recently extended its lease through January 31, 2032, with approximately 3% annual rent increases. The modified-net lease requires the tenant to pay real estate taxes, utilities, insurance, most maintenance expenses and certain operating-expense reimbursements.
The property is offered for $3,356,308, representing an 8.75% cap rate on NOI of $293,677 and an acquisition price of approximately $85.00 per square foot—an attractive basis well below the replacement cost of a comparable facility.
Quality Brands recently extended its lease through January 31, 2032, with approximately 3% annual rent increases. The modified-net lease requires the tenant to pay real estate taxes, utilities, insurance, most maintenance expenses and certain operating-expense reimbursements.
Property Facts
| Price | $4,663,657 CAD | Rentable Building Area | 30,950 SF |
| Price Per SF | $150.68 CAD | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1982 |
| Cap Rate | 8.75% | Tenancy | Single |
| Property Type | Industrial | Opportunity Zone |
Yes
|
| Lot Size | 2.56 AC |
| Price | $4,663,657 CAD |
| Price Per SF | $150.68 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 8.75% |
| Property Type | Industrial |
| Lot Size | 2.56 AC |
| Rentable Building Area | 30,950 SF |
| No. Stories | 1 |
| Year Built | 1982 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 33-79-04-4-0-101100 | Improvements Assessment | $259,949 CAD |
| Land Assessment | $29,621 CAD | Total Assessment | $289,570 CAD |
Property Taxes
Parcel Number
33-79-04-4-0-101100
Land Assessment
$29,621 CAD
Improvements Assessment
$259,949 CAD
Total Assessment
$289,570 CAD
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505 N Center St
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