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Starbucks NNN - North Salt Lake 284 S Orchard Dr

2,050 SF Retail Building North Salt Lake, UT 84054 £2,347,350 (£1,145/SF) 5.50% Net Initial Yield

Investment Highlights

  • New Starbucks 10-year NNN Lease
  • Well positioned in captive trade area with limited area fo r any competition
  • Freeway access to site
  • Investment grade Tenant (S&P BBB+)
  • Over 1,000 high-end apartments in walking distance

Executive Summary

New Starbucks 10-year NNN Lease
Investment grade Tenant (S&P BBB+)
Well positioned in captive trade area with limited area for any competition
Over 1,000 high-end apartments in walking distance
Freeway access to site

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
2,050 SF
Building Class
B
Year Built
2024
Price
£2,347,350
Price Per SF
£1,145
Net Initial Yield
5.50%
NOI
£129,104
Tenancy
Single
Number of Floors
1
Building FAR
0.02
Lot Size
2.02 AC
Zoning
P (Planned District)
Parking
10 Spaces (4.88 Spaces per 1,000 SF Leased)
Frontage
124 ft on South Main Street

Amenities

  • Bus Route

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Starbucks
  • -
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Starbucks - 99,999 SF - Lorem Ipsum -

Links

1 of 1

PROPERTY TAXES

Parcel Number 01-520-0001 Improvements Assessment £0
Land Assessment £411,660 Total Assessment £411,660

PROPERTY TAXES

Parcel Number
01-520-0001
Land Assessment
£411,660
Improvements Assessment
£0
Total Assessment
£411,660
(801) 540-2285

Contact

  • Listing ID: 32644538

  • Date on Market: 31/07/2024

  • Last Updated:

  • Address: 284 S Orchard Dr, North Salt Lake, UT 84054

The Retail Property at 284 S Orchard Dr, North Salt Lake, UT 84054 is currently available for sale. Contact Mountain West Commercial for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

Starbucks NNN - North Salt Lake | 284 S Orchard Dr
(801) 540-2285 x

Starbucks NNN - North Salt Lake | 284 S Orchard Dr

Adam Hawkes

(801) 540-2285

(801) 540-2285

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