INVESTMENT OPPORTUNITY Office Depot & Dollar Tree · including Walgreens, Walmart, Verizon, Kmart, and numerous hotels and restaurants • Office Depot portion of building was recently

Colliers International6440 S Millrock Dr | Suite 500

Salt Lake City, UT 84121P: +1 801 947 8300

colliers.com/utahRETAIL CENTER FOR SALE // GILLETTE // WYOMING 82718

INVESTMENTOPPORTUNITY

Office Depot & Dollar Tree

2005 So Douglass HighwayGillette, Wyoming 82718

John Bushnell+1 801 755 [email protected]

Mark Haroldsen+1 801 453 [email protected]


Executive SummaryColliers International is pleased to offer for sale the commercial property located at 2005 S. Douglas Hwy., in Gillette, WY.

The subject site contains an approximately 27,446 SF building, constructed in 1977, which sits on 2.34± acres. The building is divided into two spaces: ~17,844 SF store for Office Depot, and ~9,602 SF with Dollar Tree as the tenant. The Office Depot portion was recently remodeled.

Gillette is the third largest—and fastest growing—city in Wyoming, with a remarkable average household income of $77,000+.

PREMIER INVESTMENT OPPORTUNITY

Conveniently located in the heart of Gillette’s retail corridor, this site has outstanding access, visibility and high traffic counts. This fully-leased retail property, boasting two national tenants, will provide an excellent long-term return on investment.

INVESTMENT HIGHLIGHTS

• In-line Retail Shops

• Outstanding Road Frontage

• Ample Lighted Parking to Serve Customers

• Excellent Access from Multiple Points of Entry

• Site is Well Maintained & Professionally Managed

• Located Near Signalized Intersection

• Situated in heart of Gillette’s busiest retail corridor, just off I-90, and surrounded by businesses including Walgreens, Walmart, Verizon, Kmart, and numerous hotels and restaurants

• Office Depot portion of building was recently remodeled and the parking lot was resurfaced in 2017

• Long Term (10+ Years) Tenants

2020 PROJECTED INCOME

• Asking: $4,560,000

• NOI: $342,165.00 (2020) $330,000.00 (2019)

• Return 7.5%

• Office Depot current lease term ends 12-31-2021

• Office Depot: Three (3) 5-Year Renewals with Bumps Remaining

• Dollar Tree current lease term ends 01-31-2024

• Dollar Tree: One (1) 5-Year Renewal with Bump Remaining

• Powder Mountain Coffee Kiosk

• Month to Month, but has been a tenant for 12 years.


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Gillette, WyomingGillette, Wyoming


Community ProfileMajor employers within the market include Peabody Energy, Arch Coal, Campbell County School District, Cloud Peak Energy, Wal-Mart, and many more. Entrepreneurship is encouraged in Gillette, where business is a vital and thriving contributor to the economy. Consider the possibilities: low operating costs, property tax and worker’s compensation rates; no corporate state income tax, equipment sales tax, manufacturing tax, personal state income tax, or state inheritance tax; outstanding quality of life with low crime rate; more than 250 days of sunshine; no traffic jams or smog with room to expand. With all this, and more, Gillette provides abundant opportunities to start, expand or relocate a business.

Documents

INVESTMENT OPPORTUNITY Office Depot & Dollar Tree · including Walgreens, Walmart, Verizon, Kmart, and numerous hotels and restaurants • Office Depot portion of building was recently