Listed by Bang Realty
$1,360,726
Arby's
Details
APN 1-3944-0001-0007-0
Property Type Retail
Sub Type Restaurant - quick service
Square Footage 3,305
Units 1
Cap Rate 6.75%
NOI $91,849
Occupancy 100%
Tenancy Single
Brand/Tenant Arby's
Lease Type NNN
Lease Term 20
Lease Expiration 09/30/2039
Remaining Term 13.3
Rent Bumps Yes
Lease Options 4x5
Year Built 2007
Stories 1
Acreage 1.280
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 09/30/2019
Ground Lease No
Ownership Fee Simple
About This Property
Marketing description
Bang Realty is pleased to present the exclusive listing for an Arby's located at 3228 West College Drive, Cheyenne, WY 82007. The site consists of roughly 3,305 rentable square feet of building space on an estimated 1.28-acre parcel of land. Arby's is subject to a 20-year Triple Net (NNN) lease, which commenced 9/30/2039. The current annual rent is $91,849 and has scheduled increases of 1.50% Annually.
Investment highlights
- Strong Franchisee Guarantee | The subject property is backed by Quality Meats West, LLC, an experienced multi-unit Arby's franchisee operating 30+ locations across the region.
- Cheyenne, WY — Wyoming's Capital & Largest City | Cheyenne serves as both Wyoming's state capital and its largest city, with a projected 2026 population of approximately 65,900 and a median household income of ~$78,800.
- Strong Academic Presence | The property sits within close proximity to a significant concentration of students, including Laramie County Community College (~4,200 students), Cheyenne East High School (~1,500 students), Johnson Junior High School (~575 students), and Triumph High School (~170) representing a combined academic population of 6,400+ in the immediate trade area.
- Proximity to Cheyenne Regional Airport & Wyoming Air National Guard | The property is located approximately 5 miles from Cheyenne Regional Airport and the adjacent Wyoming Air National Guard Base, home to the 153rd Airlift Wing, which employs 180 full-time personnel and activates over 1,200 Airmen during monthly unit drills.
- Proximity to Major Medical Demand Generators | The subject property is situated in close proximity to Cheyenne Regional Medical Center (222-bed system employing 1,800+ staff) and the Cheyenne VA Medical Center (71 beds including a 50-bed nursing home care unit), both of which generate substantial daily employee and visitor traffic.
- Strategic Interstate Location | Positioned just off Interstate 25 at Exit 7, the property benefits from exceptional visibility and accessibility to one of Wyoming's primary north-south travel corridors connecting Denver to Casper and beyond.
Listing Contacts
Listed by Bang Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$91,849.00
$7,654.08/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
Map
Zoning
CB CommercialNeighborhood CommercialCommunity Business
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View all 86 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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