$1,700, & 2027 E YELLOWSTONE HWY & 407 N BEVERLY ST, CASPER, WY COMMERCIAL PROPERTIES 550 N. POPLAR STREET CASPER, WY (307)

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1 COMMERCIAL PROPERTIES 550 N. POPLAR STREET CASPER, WY (307) & 2027 E YELLOWSTONE HWY & 407 N BEVERLY ST, CASPER, WY $1,700,000

2 N BEVERLY ST TABLE OF CONTENTS SUBJECT E YELLOWSTONE HWY CASPER RAIL TRAIL EXECUTIVE SUMMARY 3 CITY AERIALS 4 CITY AERIAL 4 PROPERTY LOCATION 5 PROPERTY 6 PROPERTY FEATURES 7 SUBJECT AREA 7 SITE DATA 7 DESCRIPTION OF IMPROVEMENTS 7 ENVIRONMENTAL 9 PURCHASE PRICE 9 PROPERTY PHOTOS 10 REGIONAL SERVICE 14 CASPER 14 WYOMING 15 CASPER MAPS 16 DRIVE TIME 16 SIGNIFICANT RETAIL 17 DINING 18 BROKER ONE COMMERCIAL TEAM 19 RANDALL S. HALL, CCIM 20 DENNIS BAKER, ASSOCIATE BROKER 20 2

3 N BEVERLY ST EXECUTIVE SUMMARY Commercial/Retail Buildings in a Fantastic Location with High Visibility Now Available for Sale! BrokerOne Real Estate is pleased to offer for sale the commercial buildings located at 2021 and 2027 E. Yellowstone Hwy. and 407 N. Beverly St. 2 1 E YELLOWSTONE HWY The property is comprised of two buildings, a ±16,800 SF retail building and a ±12,000 SF storage warehouse, all situated on 1.22 acres (53,143 SF). The retail building is divided into two units: ±8,900 SF, occupied by O Reilly Auto Parts, and ±7,900 SF, previously occupied by a medical firm. Located at the intersection of E. Yellowstone Hwy. and N. Beverly St., this property provides outstanding roadfrontage with high visibility and high traffic counts. SUBJECT 3 CASPER RAIL TRAIL TRAFFIC COUNTS (1)... 12,640 VPD (2015) (2)... 10,084 VPD (2016) (3)... 13,793 VPD (2014) ADDRESS LOCATION TOTAL BUILDING AREA 2021 & 2027 E YELLOWSTONE HWY NATRONA COUNTY ±28,800 SQ FT TOTAL LAND AREA ±1.22 ACRES YEAR(S) BUILT OFFERED PRICE $1,700,000 3

4 SUBJECT N BEVERLY ST CITY AERIAL E YELLOWSTONE HWY CASPER RAIL TRAIL SUBJECT 4

5 BRYAN STOCK TRAIL N BEVERLY ST PROPERTY LOCATION EAST F ST BURLINGTON AVE E YELLOWSTONE HWY E YELLOWSTONE HWY SUBJECT CASPER RAIL TRAIL EAST A ST E 2ND ST E 2ND ST 5

6 N BEVERLY ST N BEVERLY ST N LENNOX ST PROPERTY BURLINGTON AVE E YELLOWSTONE HWY E YELLOWSTONE HWY SUBJECT CASPER RAIL TRAIL 6

7 PROPERTY FEATURES SUBJECT AREA The property is located at the intersection of E. Yellowstone Hwy. (US Hwy. 20/26) and N. Beverly St., only 0.2 mile from I- 25, and in close proximity to Casper s Central Business District (CBD). East Yellowstone becomes First Street through the CBD and is 4-lane, with center turn lane, for much of its length. North Beverly Street is also 4-lane with a center turn lane. The surrounding land uses include a gas station/convenience store, a rock-climbing gym, and a variety of automotiverelated retail shops and dealerships. SITE DATA The site is 1.22 acres (53,143.2 SF) and currently zoned M2: General Industrial. The topography of the subject property is mostly flat, with a slight slope to the north end of the property. Frontage and access to the property is from N. Beverly St. (2 curb cuts) and E. Yellowstone Hwy. (2 curb cuts). The property has water and sewer (City of Casper), electric power (Rocky Mountain Power), natural gas (Black Hills Energy), phone (CenturyLink or Charter), and internet service (CenturyLink or Charter). REAL PROPERTY TAXES FOR THE YEAR: 2016 PARCEL ID DESCRIPTION TOTAL LAND AREA TOTAL BUILDING AREA ESTIMATED TOTAL TAX PT W1/2 SW: (AKA EAST YELLOW- STONE PT W1/2 SW:) 53,143 SQ. FT. (1.22 ACRES) 28,800 SQ. FT. $9, DESCRIPTION OF IMPROVEMENTS ±1.22 Acre Site with 2 Buildings ±28,800 SF Total Floor Space Building #1: ±16,800 SF Retail Building Building #2: ±12,000 SF Storage Warehouse 7

8 PROPERTY FEATURES DESCRIPTION OF IMPROVEMENTS CONTINUED Paved Parking Lot Approximately 50 Spaces Fire Sprinkler System Security System Storage Building with Overhead Doors & Dock BUILDING #1 Built in 1970, this ±16,800 SF retail building is divided into 2 spaces: approximately 8,900 SF currently occupied by O Reilly Auto Parts and ±7,900 SF of recently remodeled space previously occupied by a medical firm. Both spaces have mezzanine storage areas of ±2400 SF. The exterior walls of this building are concrete block; it is considered to be in average to above average condition. The medical space consists of a large reception area, billing clerk area, several offices/exam rooms, several restrooms, kitchen area, and a large storage room at the back of the building with a 12 x 10 overhead door to the south side of the building. The mezzanine storage space has plywood floors and is accessed via stairs. The O Reilly Auto Parts space includes a retail showroom, parts storage, shipping and receiving area, and small office. There is a 12 x 10 overhead door at the west end of the section. This building has gas forced air heat and central air conditioning. BUILDING #2 Building #2, built in 1977, is a ±12,000 SF storage warehouse located on the south side of the parcel. This steel-sided building has heat and a fire sprinkler system. The warehouse has approximately ±7,200 SF of foundation area with ±4,800 SF of mezzanine storage. There are two (2) overhead doors on the main level and a small roll up door, with loading dock, to the mezzanine storage space on the west side of the building. 8

9 PROPERTY FEATURES LEASE DATA TENANT UNIT SQ FT BASE RENT/MO ANNUAL RENT RENT/SF EXPIRES O Reilly Auto Parts 8,894 SF $6, $75, $ /30/2018 Two (2) 5-Year Renewal Options with 6 Mo. Notice Annual CPI Increases ENVIRONMENTAL No representation is made nor implied by BrokerOne Real Estate as to the presence, at any location on the property, of any known hazardous material as defined by the United States Environmental Protection Agency or the Wyoming Department of Environmental Quality. A prospective purchaser should retain the services of independent professionals qualified to render opinions and/or determinations as to the presence of hazardous materials. PURCHASE PRICE The offered price is $1,700,000. The information contained herein has been obtained from sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. 9

10 PROPERTY PHOTOS 10

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14 REGIONAL SERVICE: CASPER CASPER Casper, Wyoming is one of the most outstanding communities in the Rocky Mountain region. Casper has the amenities of a metro area with the convenience and accessibility of a smaller community. As the 2nd largest metropolitan area in Wyoming, and located within Natrona County, Casper has diverse outdoor recreation opportunities within a 20 minute drive and the best variety of indoor recreation within a 10 minute drive. From downhill skiing to Broadway shows, Casper offers it all. Casper cradles a broad industry base built around natural resources and expanding to manufacturers who desire low overhead with a central western presence. Available business parks offer locations that put business close to suppliers, customers and transportation hubs. The Casper economy continues to thrive. Companies are opening new facilities in the Casper area, while established industries are expanding; creating new jobs, infusing new capital and solidifying their investments. Casper s strategic location allows superb access to companies worldwide: The ability to get goods and services to more markets makes Casper businesses more efficient and more profitable. As one of the fastest growing economic centers in the western United States, it is known for its probusiness attitude, and pro-industry growth. Its location and business community drives the need for FedEx and UPS to service a regional hub out of the Casper/Natrona County International Airport. In the last 10 years, Casper has been experiencing a huge economic boom and its economy has continued to grow despite the national economic downturn. Forbes Magazine rated Casper, Wyoming (July 2014) as one of the Best Small Places for Business and Careers, with a median household income of $54,237, Unemployment 3.7%, and Cost of Living 5.0% below national average. The development of coal and uranium fields in recent decades has helped Casper continue its role as a center in the energy industry. Casper s 2015 median household income is $55,074, while the average household income is $71,481. Through Wyoming s only International Airport Via enhanced freight routes along I-25 Superior rail yard, routes and service on BNSF With a new trans-load facility Via unsurpassed telecommunications capabilities Square Miles (Natrona County).. Elevation (City of Casper) 5,369 5,125 ft. 14

15 REGIONAL SERVICE: CASPER & WYOMING CASPER LIFESTYLE Casper, Wyoming has something for everyone, offering all the advantages of a bigger city and serving as a central hub for Wyoming. Casper is rich in the arts with several theater groups, the Wyoming Symphony Orchestra, concerts, festivals, and museums. The Casper community is very proud to include the National Historic Trails Interpretive Center as one of its major attractions. The Interpretive Center displays exhibits of the pioneer days on the Oregon, California, Mormon and Pony Express Trails. The Casper Events Center, with a seating capacity of 10,000, is another major attraction that offers many entertainment opportunities. Casper is host to the College National Finals Rodeo in June, concerts, off Broadway plays, and a plethora of other family entertainment at the Events Center. Casper is also a wonderful place for indoor and outdoor sports. The Three Crowns golf course is a new 18-hole championship course a terrific addition to Casper's existing three golf courses. Outdoor recreation on the North Platte River offers fishing, rafting, and kayaking. Several lakes are just a short distance away for boating, swimming, fishing, and camping. Winter skiing & snowboarding are enjoyed on Casper Mountain. Casper's central location has made the city a focal point for regional, financial, retail, and medical services. WYOMING Wyoming leads the nation in coal production (1st), uranium (1st), natural gas (3rd) and crude oil (7th). With over 40% of Americas low-sulphur coal coming from Wyoming mines, the coal industry continues to remain strong, and with export of Wyoming s coal to other nations, coal remains a solid energy source. In addition, Wyoming is also ranked the leader in uranium production. With recent advances in uranium mining (in-situ), Wyoming produced 2.9 million pounds of yellow cake which was processed at surface locations throughout the state in This precious mineral is used throughout the world for energy production. The recent exploration and increased production in the northeast, central, and western parts of Wyoming, has expanded production levels that are projected to continue to rise for many years to come. Wyoming has 22 of the 23 counties producing natural gas and oil. Recorded sales were over 2,000 trillion cubic feet of natural gas in 2013 and 75.6 million barrels of crude oil in In addition there are over 27,300 miles of natural gas, crude oil and other petroleum based product pipelines throughout the state. 15

16 CASPER MAP - DRIVE TIME 16

17 CASPER MAP - SIGNIFICANT RETAIL 17

18 CASPER MAP - DINING 18

19 BROKER ONE COMMERCIAL TEAM The BrokerOne Real Estate Commercial Team, led by Randall S. Hall, CCIM, has ranked #1 in Total Sales Volume by the Wyoming Business Report for 10 of the past 11 years and #1 in Total Sales Volume Per Agent for 11 years, straight! With over 94 years of combined commercial sales and leasing experience, our team has the knowledge and commitment to meet your commercial real estate needs. 19

20 BROKER ONE COMMERCIAL TEAM 31+ Years Commercial Experience Large Referral Network Dedicated, Diversified & Knowledgeable 12+ Years Real Estate Experience 26 Years Commercial Banking Committed, Detailed & Client Oriented RANDALL S. HALL, CCIM Principle Broker Randy Hall has represented or facilitated transactions with an extraordinary number of national and regional companies. He is a full-time commercial broker experienced in almost every aspect of commercial and investment real estate brokerage and holds the highly-respected designation of Certified Commercial Investment Member (CCIM) from the CCIM Institute. Randy is past president of the Wyoming Association of REALTORS, past member of Casper Planning & Zoning and current member of the Wyoming Real Estate Commission. DENNIS BAKER Associate Broker Experience counts. With over 12+ years of real estate experience, Dennis Baker brings unique expertise, proficiency and insight to BrokerOne. He is a seasoned expert in commercial real estate and real estate lending practices. His keen knowledge and understanding about cash flow analysis, loan structures and debt analysis have proven invaluable to clients during negotiations. Dennis is dedicated to building strong and lasting relationships in the real estate industry and the community. 20