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Applebee’s Cheyenne — Single-Tenant Net Lease
100%-occupied restaurant net-lease asset with a 6.50% stated cap rate.
Cheyenne, Wyoming· Retail / Net Lease· Editorial score 74
Opportunity teaser
Public Crexi listing for 1401 Dell Range Blvd, Cheyenne, WY; updated within days of review.
Why it may be interesting
Established national brand tenant, absolute triple-net structure and contractual rent increases cited by listing broker.
Risks and open questions
Tenant credit, lease documents, rent roll and cap-rate underwriting require verification.
Key figures
- Price
- $3.95M
- NOI
- —
- Cap rate
- —
- Occupancy
- —
- Asset class
- —
- Geography
- Cheyenne, Wyoming
Disclosure
Third-party public listing. Merge & Acquire has not independently verified broker-supplied information.