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Shopping Strip

Starbucks Plaza

1215 S Douglas Hwy, Gillette, WY 82716

Listing Price: $2,380,000

Cap Rate
6.80%
Rentable SF
4,980
Lot Size
0.50 acres
Year Built
2007

Investment Overview

Marcus & Millichap is pleased to present this 5,000-square foot, three-tenant strip center anchored by Starbucks in Gillette, Wyoming. The property is located at the northeast corner of Interstate-90 and Douglas Highway interchange at the signalized intersection of Douglas Highway. (2019 ADTC – 23,000) and Camel Drive. Across the street is a 43,150-square foot plaza anchored by Smith’s Food and Drug. One block east of Starbucks is the Campbell County High School campus. The plaza was built in 2007 on .5 acres of land and includes a drive-thru for Starbucks, which recently extended its lease term to 2027 with a 12 percent rent increase in 2022. Purpose Financial, formerly Advance America, has also occupied the property since 2007. The third tenant is Wyoming Roofing, a regional commercial/residential contractor, who opened in 2018 and recently exercised early an option to renew. All leases are triple net. The roof of the building was replaced in 2020. Nearby retailers within ½ mile include Walmart, Home Depot, Walgreens, Petco and Albertsons. Campbell County has a population of over 46,000 and is located in the northeast corner of Wyoming.

Investment Highlights

  • Early Starbucks Lease Renewal
  • Three-Tenant Plaza on Triple-Net Leases
  • Near Interstate Interchange with Walmart , Home Depot and Albertsons

Exclusively Listed By

Broker of Record

  • Neville Rustomjee

    First Vice President Investments

    (303) 328-2035

    License(s) WY: RE-13688

    Wyoming

Listing Price: $2,380,000

Cap Rate
6.80%
Rentable SF
4,980
Lot Size
0.50 acres
Year Built
2007

Investment Highlights

  • Early Starbucks Lease Renewal
  • Three-Tenant Plaza on Triple-Net Leases
  • Near Interstate Interchange with Walmart , Home Depot and Albertsons

Investment Overview

Marcus & Millichap is pleased to present this 5,000-square foot, three-tenant strip center anchored by Starbucks in Gillette, Wyoming. The property is located at the northeast corner of Interstate-90 and Douglas Highway interchange at the signalized intersection of Douglas Highway. (2019 ADTC – 23,000) and Camel Drive. Across the street is a 43,150-square foot plaza anchored by Smith’s Food and Drug. One block east of Starbucks is the Campbell County High School campus. The plaza was built in 2007 on .5 acres of land and includes a drive-thru for Starbucks, which recently extended its lease term to 2027 with a 12 percent rent increase in 2022. Purpose Financial, formerly Advance America, has also occupied the property since 2007. The third tenant is Wyoming Roofing, a regional commercial/residential contractor, who opened in 2018 and recently exercised early an option to renew. All leases are triple net. The roof of the building was replaced in 2020. Nearby retailers within ½ mile include Walmart, Home Depot, Walgreens, Petco and Albertsons. Campbell County has a population of over 46,000 and is located in the northeast corner of Wyoming.

Exclusively Listed By

Broker of Record

  • Neville Rustomjee

    First Vice President Investments

    (303) 328-2035

    License(s): WY: RE-13688

    Wyoming

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