STNL Papa Murphy’s Pad to Hobby Lobby & Walmart Supercenter

Highlights:

• • ‘Low Rent’ QSR property with 27+ years of historical occupancy
• • Outparcel to Hobby Lobby-anchored center
• • Adjacent to #2 Visited Walmart Supercenter (3.1M Visitors) in Wyoming
• • Top national retailers, QSR Tenants, and hotels In 1-mile proximity
• • Embedded in dynamic retail corridor near Interstate 90 entrance/exit; per Placer.ai
• • Store strategically situated on Douglas Highway (28,000 VPD)
• • Papa Murphy’s: the largest Take ‘N’ Bake Pizza Brand in the $51 Billion Dollar pizza industry
• • Security State Bank: Wyoming regional bank operating Since 1929
• • Ease of management for investor
• • Gillette: Wyoming’s Third Largest City with affluent population
• • Wyoming: Pro-Business state

Description:

The team is pleased to present the rare opportunity to acquire the fee simple interest (land & building) in a freestanding Papa Murphy’s investment property, in the pro-business state of Wyoming. Papa Murphy’s has operated at this outparcel location next to Hobby Lobby, Harbor Freight, and Walmart since 1997. This quick-service pizza restaurant recently extended the lease by an additional three (3) years to continue their long-term operations at the subject property. Additionally, Security State Bank has an ATM on the subject property, which supplements this investment property’s income stream. This Papa Murphy’s property is the ideal investment opportunity for a passive investor looking for a freestanding QSR property with dynamic real estate fundamentals and a ‘diversified’ rental income stream.

The subject property on Douglas Highway (28,000 VPD) directly services the residents and the trade area surrounding Wyoming’s third largest city. This location directly benefits from the synergy created by the national retailers surrounding the site including: Hobby Lobby, Harbor Freight Tools, Walmart Supercenter, Albertsons, Home Depot, Boot Barn and more. This Papa Murphy’s property is also adjacent to the Interstate 90 freeway entrance/exit, which runs through the city and connects Seattle WA, Spokane WA, Bozeman MT, Gillette WY, Sioux Falls SD, Madison WI, to eventually Chicago IL and beyond.

Documents: