158 Johnson St
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158 Johnson St
10,700 SF Retail Building Big Horn, WY 82833 $1,450,000 ($136/SF) 10% Cap Rate
Investment Highlights
- Location! Location! Location!
- 10-year lease with two 5-year option renewals, True NNN Lease, Lessee pays all CAM, repairs & insurance.
- Lessee will have first option to purchase if Lessor decides to sell.
- Base 10% annual cap rate ($145,000.00); $12,083.33 monthly lease income. Great return on investment!
- Lease guarantor Livery Stables LLC (Lessee) and personal guarantees and/or additional collateral pledged (negotiable).
Executive Summary
***PRICE REDUCED***
PRIME INVESTMENT OPPORTUNITY TO OWN A PIECE OF WYOMING'S HISTORY WHILE HELPING LESSEE FURTHER EXPAND ITS BUSINESS
ALSO INCLUDES TOWN OF BIG HORN BLOCK 10 LOTS 13 & 15 AND ALL FF&E*
Sale lease back funds to be used by Lessee for growth and expansion!
4,271 SQ FT single story building with commercial kitchen, indoor bar, outdoor bar and 4,042 ST FT outdoor entertainment pavilion with outdoor stage. Current Lessee has been in business since 2020 backed by hospitality management with over 20 years’ experience in the industry as well as a second location in Las Vegas. Originally built in 1882; extensive remodel and expansion of full commercial kitchen in the 1990s; The building is not on the national historic registry. In excellent condition for its age; outdoor pavilion and outdoor bar completed summer of 2022. Consistently kept to code since remodel; previous owner was a well-known, two generation local commercial contractor
*Current operating business is not for sale
Staff housing adjacent to property also for sale with 8% return (negotiable) - SEE ATTACHED BROCHURE FOR MORE INFORMATION
PRIME INVESTMENT OPPORTUNITY TO OWN A PIECE OF WYOMING'S HISTORY WHILE HELPING LESSEE FURTHER EXPAND ITS BUSINESS
ALSO INCLUDES TOWN OF BIG HORN BLOCK 10 LOTS 13 & 15 AND ALL FF&E*
Sale lease back funds to be used by Lessee for growth and expansion!
4,271 SQ FT single story building with commercial kitchen, indoor bar, outdoor bar and 4,042 ST FT outdoor entertainment pavilion with outdoor stage. Current Lessee has been in business since 2020 backed by hospitality management with over 20 years’ experience in the industry as well as a second location in Las Vegas. Originally built in 1882; extensive remodel and expansion of full commercial kitchen in the 1990s; The building is not on the national historic registry. In excellent condition for its age; outdoor pavilion and outdoor bar completed summer of 2022. Consistently kept to code since remodel; previous owner was a well-known, two generation local commercial contractor
*Current operating business is not for sale
Staff housing adjacent to property also for sale with 8% return (negotiable) - SEE ATTACHED BROCHURE FOR MORE INFORMATION
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,700 SF
Building Class
B
Year Built/Renovated
1882/2010
Price
$1,450,000
Price Per SF
$136
Cap Rate
10%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.25 AC
Zoning
Commercial
Parking
20 Spaces (4.68 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 03-5484-04-3-05-005-10 | Improvements Assessment | $55,781 |
| Land Assessment | $7,325 | Total Assessment | $63,106 |
PROPERTY TAXES
Parcel Number
03-5484-04-3-05-005-10
Land Assessment
$7,325
Improvements Assessment
$55,781
Total Assessment
$63,106
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158 Johnson St
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