Restaurant

Shari's

3609 E Lincolnway, Cheyenne, WY 82001

Listing Price: $2,439,246

Cap Rate
6.50%
Tenant Name
Shari's Management Corporation
Years Remaining On Lease
18.80
Gross SF
4,000
Rentable SF
4,000
Price/Gross SF
$609.81
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.64

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Sheris located at 3609 East Lincolnway in Cheyenne, Wyoming. The site consists of roughly 4,000 rentable square feet of building space on estimated 1.27-acre parcel of land. This Sharis is subject to a 20-year absolute triple-net (NNN) lease, which commenced June 27, 2019. The current annual rent is $158,551 and is scheduled to increase by one point seven five percent (1.75%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Long Term, 20-Year Lease | 19 years Remaining
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | Strong Hedge Against Inflation | 1.75% Annually

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Neville Rustomjee

    First Vice President Investments

    License(s): WY: RE-13688

    Wyoming

Listing Price: $2,439,246

Cap Rate
6.50%
Tenant Name
Shari's Management Corporation
Years Remaining On Lease
18.80
Gross SF
4,000
Rentable SF
4,000
Price/Gross SF
$609.81
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.64

Investment Highlights

  • Long Term, 20-Year Lease | 19 years Remaining
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | Strong Hedge Against Inflation | 1.75% Annually

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Sheris located at 3609 East Lincolnway in Cheyenne, Wyoming. The site consists of roughly 4,000 rentable square feet of building space on estimated 1.27-acre parcel of land. This Sharis is subject to a 20-year absolute triple-net (NNN) lease, which commenced June 27, 2019. The current annual rent is $158,551 and is scheduled to increase by one point seven five percent (1.75%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Neville Rustomjee

    First Vice President Investments

    License(s): WY: RE-13688

    Wyoming

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