Overview

Description

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. Polar Service Centers is the only nationwide network of parts and service facilities committed to the support, safety, and compliance of the tank trailer and tank truck industry with 71 locations currently and growing. 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.

Highlights

• Polar Service Centers is the only nationwide network of parts and service facilities committed to the support, safety, and compliance of the tank trailer and tank truck industry
• Polar Service Centers has 71 locations and growing
• NNN Lease easy to manage
• Corporate Lease Guaranty
• 1.5% Annual Rent Increases provide for a strong hedge against inflation
• Highly Visible adjacent to I-25 and Easily Accessible
• Wyoming is an “Income Tax Free” State

Documents

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