Overview

Description

We are pleased to present a single-tenant net leased investment opportunity in Casper, Wyoming. This property is occupied by Prairie Field Services (https://www.prairiecompanies.com/) and located at 3019 Salt Creek Highway. Prairie Field Services is a growing leader in oil field logistics and transportation industry. Prairie Companies operates 24 hours a day, 365 days a year in some of America’s most important and productive energy-producing regions of Wyoming’s Powder River Basin and the southwest region’s Delaware Basin. The site consists of a ±23,400 square foot high quality industrial building on ±283,575 square foot parcel of land. Prairie Field Services has operated at this location for approximately 6 years since the property was constructed in 2017. There are currently approximately four (4) years remaining on the lease. The lease features 2% 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

• Prairie Field Services is a growing leader in oil field logistics and transportation industry is a growing leader in oil field logistics and transportation industry
• Prairie Companies operate 24 hours a day, 365 days a year in some of America’s most important and productive energy-producing regions: Wyoming’s Powder River Basin and the southwest region’s Delaware Basin
• Prairie Field Services recently also launched their water hauling business
• NNN Lease easy to manage
• Corporate Lease Guaranty
• 2% 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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