267 Bear River Drive Listing Details & Market Data

Peak Collective Real Estate with KW Commercial is pleased to present for sale 267 Bear River Dr, Evanston, Wy 82930.

The offering - A single tenant NNN leased investment with a recently signed 10yr lease. The tenant has outstanding financials with sales over 7 figures per year. Priced at a 6.15% cap rate the property produces a starting net operating income of $50,445/Yr. The property has 1,770 SF on .67 AC and is strategically located near Interstate-80 in an opportunity zone.

The property was built in 1971 and had a fully permitted extensive renovation completed in 2023. The renovation updates include a new parking lot & striping, fully built out tenant improvements, exterior building design renovation, lighting, stucco, paint, furnace, AC unit, duct distribution, roof, signage, & landscaping.

The lease has a 2% per year escalations and a 5 year option to renew. Tax incentives of closing before 2023 year end will allow you to have bonus depreciation of 80% with cost segregation which will be reduced to 60% in 2024.