3029 Salt Crk Rd, Casper, WY 82601
20,930 SF | 100% Leased | Industrial Building | Casper, WY 82601 | $4,249,862 ($203/SF) | 7% Cap Rate
For Sale
Active
Asking Price $4,249,862
- Property Type
-
Industrial
- Price / Square Foot
- $203
Listing Contacts
- Property Info
Property Overview
*MOTIVATED SELLER* We are pleased to present a single-tenant net leased investment opportunity in Casper, Wyoming. This property is occupied by Polar Service Centers (https://polarservicecenters.com/) and located at 3029 Salt Creek Highway. The site consists of a ±20,930 square foot high quality industrial building on ±344,995 square foot parcel of land. Polar Service Centers has operated at this location for approximately 3 years since the property was constructed in 2020. There are currently approximately eight (8) years remaining on the lease plus two (2), 10-year options to renew. The lease features 1.5% annual increases which serve as a great hedge against inflation.
This is an excellent opportunity to acquire a newly constructed, high quality industrial building, with strong tenant which serves central Wyoming’s core energy sector. The location is well situated with easy access to Interstate 25 providing access to the Powder River Basin, east and north of Casper where continued oil, gas, and coal development power the nation’s energy independence. HWY 220 is conveniently accessed from the Salt Creek Bypass to serve the Shirley Basin to the south which has Uranium mines and the largest wind farms in the world and Wyoming’s Red Desert oil and gas fields in the southwest. HWY 20-26 provides access to the west where Fremont County has some of the deepest natural gas wells and Sublette County which has the most natural gas reserves in the country.
This is an excellent opportunity to acquire a newly constructed, high quality industrial building, with strong tenant which serves central Wyoming’s core energy sector. The location is well situated with easy access to Interstate 25 providing access to the Powder River Basin, east and north of Casper where continued oil, gas, and coal development power the nation’s energy independence. HWY 220 is conveniently accessed from the Salt Creek Bypass to serve the Shirley Basin to the south which has Uranium mines and the largest wind farms in the world and Wyoming’s Red Desert oil and gas fields in the southwest. HWY 20-26 provides access to the west where Fremont County has some of the deepest natural gas wells and Sublette County which has the most natural gas reserves in the country.
Property Details
- Class
- C
- Year Built
- 2020
- Stories
- 1
- Property Subtype
- Distribution, Manufacturing, Service
- Lot Size (sq. ft)
- 344,995 SF
Highlights
- Polar Service Centers has 71 locations currently and growing
- Ease of Management- NNN Lease
- Corporate Lease Guaranty
- 1.5% Rental Increases provide for a strong hedge against inflation
- Highly Visible adjacent to I-25 and Easily Accessible
- Polar is the only nationwide network of parts and service facilities committed to the support, safety, and compliance of the tank truck industry
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